Trade Signal: $INJ /USDT (4H) – Pivot or Pullback?
The market is at a critical decision point for INJ. After a massive momentum spike toward the 4.00 psychological resistance, we’ve seen a sharp rejection back to the 3.66 level. While the High Time Frame (HTF) structure remains inherently bullish, the immediate price action suggests a "rumor move" being faded.
Technical Breakdown
Trend Structure: The 4H chart still shows a sequence of higher highs and higher lows. Price is currently oscillating above the rising 20 EMA/SMA, which is a healthy sign for trend continuation.
Bollinger Bands: We are seeing an open expansion, but the most recent candle shows downside volatility after testing fresh highs.
The Pivot Zone: 3.66 is the line in the sand. This was the previous local high and now serves as the primary breakout/retest area.
The Trade Setup
Bullish Scenario (The Retest): If INJ holds and stabilizes above 3.66, we are looking at a classic breakout-retest confirmation. A push back above the local high is required to invalidate the recent "fakeout" sentiment.
Bearish Scenario (Mean Reversion): Losing the 3.66 support shifts the narrative toward a deeper correction. Expect a mean-reversion move targeting the 3.52 (EMA support) and 3.48 (lower value area) levels.
Trade Parameters
Entry Zone: 3.64 – 3.68 (Watch for 4H candle acceptance)
Targets: 3.85 | 4.02 | 4.20+
Stop Loss: Below 3.45 (Invalidates the current structure)
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Note : DYOR