🔥 $INJ Current Trend Bullish
The 1h chart shows:
• Higher low formation at 3.586 support
• Bullish engulfing patterns in last 4 candles
• Strong recovery from 3.43 low (7.92% below current)
• Recent rejection at 3.812 resistance (2.34% above current)
• Price trading above all key Moving Averages (MA5, MA10, MA20) indicates sustained bullish momentum, though approaching overextended territory near upper Bollinger Band.
Entry long $INJ
• Ideal entry: 3.65-3.68 (pullback to MA5/upper Bollinger band confluence)
• Aggressive entry: Current price 3.72 with tight stop
Stop Loss: 3.55, Below key support and MA20
Target Levels $INJ
TP1: 3.84
TP2: 3.95
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INJUSDT
Perp
3.715
+3.8%
Any break below 3.55 would invalidate the bullish thesis and suggest retest of 3.44 support. #inj #INJUSDT #injective
