๐$INJ /USDT โ Structure Aligns for Reversal: Bullish Momentum Brewing๐ค๐๐
๐น Current Price: $11.68
๐ Daily Change: -0.60%
๐ Recent Bounce Zone: $11.20
๐ Timeframes Analyzed: 1D (Macro) + 1H (Entry Zone Focus)
๐ง 1D Chart ๐:
$INJ formed a textbook higher low around the $11.20 zone โ
Multiple W-pattern recoveries followed by expected impulse moves
Yellow arrow structure suggests a bullish wave continuation toward $14.00+
RSI at 44.28 โ Rebounding from near oversold = upside potential
Key MA levels: ๐
20 EMA: $12.34
50 EMA: $12.60
200 EMA: $14.48
๐ Price is respecting long-term EMA supports; bounce underway if it reclaims $12+ on strength.
โฑ 1H Chart (Trade Execution Focus):
$INJ Price forming a rising wedge breakout structure, consolidating at apex
Resistance near $12.02, a breakout would unlock rapid move to $12.40+
RSI (45.76โ46.26 zone) steadily rising from bottom โ hidden bullish divergence
Tight price action near dynamic support = low-risk entry zone
๐ Intraday bias favors a breakout to $12.00โ$12.42 range if $11.80 holds.
๐ฏ Strategy Plan๐ฅ
๐ข Bullish Breakout Setup
Entry Zone: $11.50โ$11.60
Confirmation Buy: 1H candle close above $12.05
๐ฏ TP1: $12.34
๐ฏ TP2: $12.60
๐ฏ TP3: $14.00
๐ SL: $11.25 (below last 1D low)
๐ Key Technical Notes:๐งโ๐ซ
Volume needs to follow breakout candle above $12.02 โ
RSI staying above 45 + MACD curl = momentum confirmation
Rejecting below $11.25 would invalidate short-term bullish structure โ
๐ง Pro Insight:
โINJโs price is compressing under resistance while respecting higher lows. Breakouts happen quietly firstโthen explode.โ
๐ This is an educational analysis, not financial advice. Always use stop-loss and trade with risk management.
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