This $INJ move kind of snuck up on me.
It spent most of the night grinding around 8.00 to 8.10, nothing loud. Then the 08:00 UTC hourly pushed through 8.15 and the next one printed the biggest volume in days, tagged 8.51, and the one after that poked 8.58. Sitting near 8.54 now, up about 10% on the day while a lot of alts are flat or red.
Both 1h EMAs are well under price and curling up. For me 8.15 is the line that matters, that was the breakout base.
As long as hourlies hold there I think 8.58 gets another look, and a clean close over it opens room toward 9.
Lose 8.15 and this starts looking like a squeeze, then 8.00 is back.
It spent most of the night grinding around 8.00 to 8.10, nothing loud. Then the 08:00 UTC hourly pushed through 8.15 and the next one printed the biggest volume in days, tagged 8.51, and the one after that poked 8.58. Sitting near 8.54 now, up about 10% on the day while a lot of alts are flat or red.
Both 1h EMAs are well under price and curling up. For me 8.15 is the line that matters, that was the breakout base.
As long as hourlies hold there I think 8.58 gets another look, and a clean close over it opens room toward 9.
Lose 8.15 and this starts looking like a squeeze, then 8.00 is back.
