$INJ /BTC BEARISH PRESSURE – SUPPORT UNDER TEST
$INJ /BTC is trading at 0.00004773, approaching its 24h low (0.00004677) after a -6.34% decline. Price is below MA7 (0.00004798), MA25 (0.00004842), and MA99 (0.00004906), confirming short- and mid-term bearish alignment. MACD shows negative momentum (DIF below DEA), indicating sellers remain in control. Resistance around 0.00004798–0.00004906 continues to cap upward attempts, favoring further downside.
🔎 Trade Setup
Entry Zone: 0.00004770 – 0.00004800 (Rejection near MA resistance)
Take Profit 1: 0.00004677
Take Profit 2: 0.00004610
Take Profit 3: 0.00004550
Stop Loss: 0.00004910
Optimal entries come from a weak bounce toward moving average resistance for better risk-to-reward.
📊 Short Market Outlook
Trend shows lower highs with immediate support at 0.00004677. A decisive break below opens liquidity toward 0.00004610 and deeper near 0.00004550. Resistance cluster between 0.00004798–0.00004906 remains strong. As long as price trades below MA99 (0.00004906), bearish bias remains intact.
Momentum favors continuation until bulls reclaim above 0.00004906.
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