$INJ /USDT – 4H Quick Take
Price is sitting around $5.76 after a strong push up, but it’s still below the EMA200, which means the overall trend is still bearish, even though momentum looks short-term bullish.
Trend
Short-term: Bullish bounce
Trend: Bearish — EMA200 is still above the price.
RSI: At 54, showing no strong buying or selling pressure.
EMA Signals
Price trading above EMA 5 / 12 / 53, showing short-term upward pressure.
EMA200 overhead = major resistance.
Possible Trade Plan
Entry: $5.65 – $5.75 (current zone after pullback)
Take Profit (TP):
TP1: $5.93 (recent rejection area)
TP2: $6.20 (24h high + near EMA200)
Stop Loss (SL):
$5.44 (below recent swing low + safety room)
Summary
INJ looks like it's trying to push up again, but the big resistance is still around the EMA200. If it breaks $5.93, momentum could continue. If it drops below $5.44, bullish momentum is likely gone.
@Injective #injective #Injective $INJ
