$INJ — honest chart read. 🔍
Price: $4.805 · -1.41% today
The chart is not pretty.
Every single indicator is bearish:
❌ Below MA5, MA10, MA20, MA30, MA60
❌ SuperTrend: $5.649 — bearish
❌ SAR: $5.289 — sell signal
❌ Ichimoku cloud sitting heavy above
❌ RSI 45.58 — below neutral
But here's what I'm actually watching:
— $4.545 support: must hold
— $4.035: the real floor (cycle low)
— $5.415: first resistance if bounce comes
— $5.600+: Ichimoku cloud
— the real wall Two scenarios:
🟢 Bull: $4.545 holds + volume picks up → $5.415 first target → Needs BTC to stabilize first
🔴 Bear: Loses $4.545 → Retest $4.035 (cycle low) → Below that = new lows
My take: INJ needs BTC to stabilize before it moves. It's not leading — it's following. Not buying here. Not shorting here.
Watching $4.545. 👀 Not financial advice. DYOR.
Price: $4.805 · -1.41% today
The chart is not pretty.
Every single indicator is bearish:
❌ Below MA5, MA10, MA20, MA30, MA60
❌ SuperTrend: $5.649 — bearish
❌ SAR: $5.289 — sell signal
❌ Ichimoku cloud sitting heavy above
❌ RSI 45.58 — below neutral
But here's what I'm actually watching:
— $4.545 support: must hold
— $4.035: the real floor (cycle low)
— $5.415: first resistance if bounce comes
— $5.600+: Ichimoku cloud
— the real wall Two scenarios:
🟢 Bull: $4.545 holds + volume picks up → $5.415 first target → Needs BTC to stabilize first
🔴 Bear: Loses $4.545 → Retest $4.035 (cycle low) → Below that = new lows
My take: INJ needs BTC to stabilize before it moves. It's not leading — it's following. Not buying here. Not shorting here.
Watching $4.545. 👀 Not financial advice. DYOR.