📉 Potential pullback on INJ | 4H | #TradersLeague،
Coin: $INJ
Timeframe: 4H
The price continues to move in a downward channel with short recovery phases. Currently, there is a rebound from the zone of $11.4 and a transition into decline.
🔍 What the technicals show:
Stoch RSI has exited the overbought zone (75) and is going down → a signal of potential decline.
The chart shows a local reversal after a short upward impulse.
Closer support: $10.60–$10.80 — the price may slide there before a new reaction.
📌 Scenarios:
🔻 SHORT scenario:
Entry: ~$11.00–11.10
TP: $10.60
SL: $11.45 (above the last tail)
🔼 LONG scenario (alternative):
If the price forms a double bottom at $10.60
And Stoch RSI exits the oversold area again → a possible entry for a bounce to $11.40
🧠 Conclusion:
So far, the local bearish impulse prevails. A short position can be considered, but the key level is $10.60 — it will be determined there whether the market will reverse again.
📊 Is anyone still trading INJ? Share your zones 👇