I’m looking at $INJ /USDT after that bounce from around 8.205. Price pushed up toward 8.296 before pulling back, and now it’s sitting at 8.274. For me, the rebound is interesting, but I’m still cautious because price remains below the visible MA60 around 8.297.
The key area I’m watching is 8.274–8.296. I’d like to see price reclaim 8.296 and hold above it before considering the move stronger. If that happens, 8.319 is the next visible level on the chart.
📍 Entry: 8.274–8.296
🎯 TP1: 8.296
🎯 TP2: 8.319
🛑 Invalidation: 8.251
If price loses 8.251, I’d step away from this setup because that would weaken the current rebound and suggest the recent recovery is losing momentum.
I’m not chasing it here. The chart is still sitting in a decision area, so I’d rather see confirmation around the MA60 before getting more aggressive. A clean hold above 8.296 would make the setup look much more attractive.
The key area I’m watching is 8.274–8.296. I’d like to see price reclaim 8.296 and hold above it before considering the move stronger. If that happens, 8.319 is the next visible level on the chart.
📍 Entry: 8.274–8.296
🎯 TP1: 8.296
🎯 TP2: 8.319
🛑 Invalidation: 8.251
If price loses 8.251, I’d step away from this setup because that would weaken the current rebound and suggest the recent recovery is losing momentum.
I’m not chasing it here. The chart is still sitting in a decision area, so I’d rather see confirmation around the MA60 before getting more aggressive. A clean hold above 8.296 would make the setup look much more attractive.