🧬 $INJ Holding the Line — Breakout Reloading or Trap? (June 6)

📍 Current Price: $11.058

📊 24H Range: $10.74 – $11.34

🧠 Category: DeFi / AI Narrative

Injective is consolidating near the $11 support zone after rejecting from $11.30. Market structure is still intact with higher lows, and momentum is compressing — signaling a possible breakout.

📈 Buy Setup – Range Play

Entry Zone: $10.90 – $11.10 ✅

Targets:

TP1: $11.48

TP2: $11.95

TP3: $12.60

Stop Loss: $10.58

💡 Entry works best after a bounce or reclaim candle near $11.00

🔻 Short Setup – If Resistance Flips

Short Entry: $11.35 – $11.50 (if strong rejection)

TP1: $10.80

TP2: $10.30

SL: $11.65

📉 Only valid on low volume or clear sell wick at top of range

📊 Technical Summary:

Support: $10.55 – $10.90

Resistance: $11.50 – $12.00

Trend Bias: Sideways → Bullish

Volume: Low — preparing for expansion

RSI: Mid-zone — neutral, room to run

MACD: Tightening — volatility compression

✅ Final Outlook:

INJ is respecting the $11 support base and trading in a squeeze pattern. A break above $11.50 with volume could ignite a move toward $12+. But if it loses $10.90 support, expect deeper retracement toward $10.30–$9.90 zone.

📈 Bullish above: $11.15

📉 Bearish below: $10.55

⚠️ Risk Level: Medium – wait for confirmation

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