4-hour chart for $INJ /USDT Perpetual Contract on BingX, and it looks like you've marked key levels and chart patterns (possibly CME gaps or visual zones). Here's how to interpret this:
🔍 INJ/USDT 4H Analysis Snapshot
⚡ Price Levels Observed
Current Area: Around $13.25
Bullish CME zone (potential gap/fair value area?): Above $14 to $20
Bearish CME zone: Below $11, extending down to $5.90
🧭 Key Observations
✅ Bullish Bias Above $14
Breakout above $14.00 could target $16 → $18 → $20.
Likely forming a CME gap-fill zone, indicating strong potential for a bullish run if reclaimed.
⚠️ Support Zone: $12.50–13.25
Current price at $13.25 shows it's hovering near support.
Wait for 805 may mean to watch the 8:05 (UTC?) candle close or wait for confirmation — possibly a key candle for momentum shift.
🔻 Bearish Breakdown Risk Below $11
If price loses $11.00, it might fall quickly toward $9.00 → $7.20 → $5.90.
"SWALLOW ACABAN" (possibly a pattern label or user-named move) could indicate a potential dump scenario.
🔧 Suggested Strategy (if trading 4H)
Long bias: Above $13.80–14.00 on strong 4H volume close.
Short bias: If price breaks below $12.50 with high sell volume.
High-Risk Zone: Below $11.00 — could trigger cascade liquidation-style selling.
Would you like me to create a trade plan or risk management setup for this zone?
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