$INJ 🆕 Trading Plan: LONG $INJ
As of March 31, 2026, Injective ($INJ) is navigating a period of stabilization on Binance following a broader market decline. The asset is currently testing critical psychological support levels.
🔹 Current Price: $2.93 🟢
🔹 Entry Zone: $2.80 – $3.00 (Accumulate near the "Steel Wall" psychological support)
🔹 Stop Loss (SL): $2.65 🛑 (Strict! Just below strong historical support at $2.73)
Binance
Binance
+4
💰 Target Profits:
1️⃣ TP1: $3.19 ✅ (Immediate major resistance level)
2️⃣ TP2: $3.58 🚀 (Aligns with the Upper Bollinger Band and potential recovery breakout)
3️⃣ TP3: $4.20 🚀🚀 (Medium-term forecast target for March-April recovery)
MEXC
MEXC
+4
📊 Market Status Summary:
Performance: $INJ is trading significantly lower than its peak, currently sitting in an accumulation range last seen in 2022-2023.
Technical Outlook:
RSI: Currently neutral around 40-44, having recovered from deeply oversold levels earlier this month.
Trend: The market remains in a short-term bearish phase as the price sits below the 50-day and 200-day moving averages, but momentum indicators suggest a potential local bottom is forming.
Strategy: Maintain tight risk management. Analysts suggest that while the long-term trend is still recovering, current levels offer a high Risk/Reward (R:R) ratio for a relief rally
