$INJ #INJ @Injective #injective
📌 Support Levels (Good buy zones / stops):
$5.30–$5.50: first support zone where price may pause or bounce.
$4.99: stronger support — consider tightening stops below this if price breaks down.
📌 Resistance Levels (targets / short‑term exits):
$5.70: nearest resistance — first profit‑taking area.
$5.80–$5.99: next barrier zone.
📊 Technical context
Momentum indicators are mixed/neutral — RSI near middle, stochastic indicates potential overbought on short timeframe.
This suggests sideways or range‑bound action today, unless volume or news triggers a breakout.
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📈 Quick Strategy (Day Trade / Scalping)
Bullish scenario
Entry: Near support ~$5.30–$5.50
Target: Partial profit at $5.60→ full profit $5.80+
Stop‑loss: Below $4.99
Bearish scenario (breakdown)
Short entry: If price fails at resistance ~$5.60 / $5.90
Target: Support zone $5.30 / $5.90
Stop‑loss: Above $5.99
IQ⭐🏩🍹
