I will analyze the INJ/USDT chart on the 1-hour timeframe you shared to provide guidance on when to enter and exit based on available data. However, please remember that this analysis is not financial advice, and trading decisions should consider personal risk management.
Chart Analysis:
Current Price and Trend:
The current price is at 14.66, with an increase of +12.77% (Rp238,094.23).
The chart shows a sharp downtrend from 21.20 to 6.34 (the lowest on February 27, 2025), then a rebound to 14.66.
The price has just dropped from a peak of 14.95 (24-hour high) and is below that resistance level.
Moving Average (MA):
MA(5) = 1,214,630.03 and MA(10) = 1,079,737.87 (this value seems to be a typo on the chart, possibly in another unit, but relatively MA(5) > MA(10), indicating short-term bullish momentum).
The current price is below MA(5), which could indicate a minor correction.
MACD:
The MACD shows a positive value (0.11), with the MACD line above the signal line, indicating bullish momentum. However, the MACD histogram is beginning to narrow, which could be a sign of weakening momentum.
Volume:
Trading volume in the last 24 hours: 2.39M (INJ) or 33.41M (USDT).
Volume appears stable, with no significant spikes indicating large movements.
Support and Resistance:
Support: Around 12.96 (24-hour low) and 6.34 (the lowest in the chart period).
Resistance: Around 14.95 (24-hour high) and 21.95 (previous high level).
When Should You Enter?
Entry Buy:
If you are looking for a buy position, wait for confirmation that the price stabilizes above 14.95 (nearest resistance) with increasing volume. This indicates a strong breakout.
Alternatively, if the price pulls back to the support zone of 12.96 and shows rejection (example: bullish candlestick with high volume), it could be a buying opportunity.
A positive MACD and a widening histogram will support this decision.
Entry Sell (Short):
If the price fails to break 14.95 and forms a reversal pattern (like a bearish engulfing) with the MACD starting to turn bearish (the MACD line crosses below the signal line), this could be a short opportunity.
Target support at 12.96 or lower if bearish momentum is strong.
When Should You Exit?
Exit Buy:
If you are already in a buy position, consider exiting if the price approaches the next resistance at 21.95, especially if volume decreases or the MACD shows bearish divergence.
Stop-loss can be placed below the nearest support (12.96) to protect against further declines.
Exit Sell:
If you are in a short position, exit when the price approaches support at 12.96 or if the MACD begins to show bullish signs (the MACD line crosses above the signal line).
The stop-loss for short can be placed above 14.95 to limit risk.
Additional Recommendations:
Watch the volume: A spike in volume during a breakout or breakdown will provide stronger confirmation.
Use additional indicators such as RSI (not visible on the chart) to ensure whether the market is overbought/oversold.
Monitor news or market sentiment regarding INJ, as crypto volatility is greatly influenced by fundamentals.