$INJ TRADE PLAN: RANGE TOP TEST—WAIT FOR CONFIRMATION
INJ/USDT is around $8.21, testing the $8.15–$8.25 resistance zone for the third time.
The structure is improving higher lows from $6.75 to $7.00, but the highs are still lower, so this remains a range until price closes above resistance.
📍 Resistance: $8.15–$8.25
📍 Next resistance: $8.70–$8.95
📍 First support: $7.70
📍 Major support: $7.00–$6.95
✅ Breakout long plan
Daily close above $8.25
Volume above the 30-day average
Retest of $8.15–$8.25 that holds
📈 Entry: on the successful retest
🛑 Stop: below the retest low / reclaimed zone
🎯 TP1: $8.70
🎯 TP2: $8.95
❌ Invalidation: daily close back below the reclaimed zone
⚠️ Why not buy at $8.21?
With a $7.85 stop, TP1 at $8.70 gives only about 1.36R below my 1.5R minimum. A small pullback or confirmed breakout improves the setup.
⚠️ Alternative range setup
A dip toward $7.90–$8.00 that holds and closes back above $8.15 could offer a tighter stop and better ratio, but it is a range trade, not a breakout.
⚠️ Risks
The INJ-linked staked ETF listing may create event volatility, including a sell-the-news reaction. Broad-market weakness can also invalidate intraday relative strength.
Status: pending confirmation. No position until the trigger completes.
Will INJ break and hold above $8.25, or reject from range resistance again?
#injective #İNJ #cryptotrading #SpotTrading #tradeplan
INJ/USDT is around $8.21, testing the $8.15–$8.25 resistance zone for the third time.
The structure is improving higher lows from $6.75 to $7.00, but the highs are still lower, so this remains a range until price closes above resistance.
📍 Resistance: $8.15–$8.25
📍 Next resistance: $8.70–$8.95
📍 First support: $7.70
📍 Major support: $7.00–$6.95
✅ Breakout long plan
Daily close above $8.25
Volume above the 30-day average
Retest of $8.15–$8.25 that holds
📈 Entry: on the successful retest
🛑 Stop: below the retest low / reclaimed zone
🎯 TP1: $8.70
🎯 TP2: $8.95
❌ Invalidation: daily close back below the reclaimed zone
⚠️ Why not buy at $8.21?
With a $7.85 stop, TP1 at $8.70 gives only about 1.36R below my 1.5R minimum. A small pullback or confirmed breakout improves the setup.
⚠️ Alternative range setup
A dip toward $7.90–$8.00 that holds and closes back above $8.15 could offer a tighter stop and better ratio, but it is a range trade, not a breakout.
⚠️ Risks
The INJ-linked staked ETF listing may create event volatility, including a sell-the-news reaction. Broad-market weakness can also invalidate intraday relative strength.
Status: pending confirmation. No position until the trigger completes.
Will INJ break and hold above $8.25, or reject from range resistance again?
#injective #İNJ #cryptotrading #SpotTrading #tradeplan
