$INJ /USDT

🧾 Market Overview

Current Price: $11.05

24h Change: +0.82%

24h High: $11.67

24h Low: $10.70

24h Volume:

INJ: 854,900.34

USDT: $9.52M

Category: Layer 1 / Layer 2

Exchange: Binance

🔍 Key Technical Levels

✅ Support

S1: $10.70 (24h low + key local support)

S2: $10.50–$10.40 (prior support cluster)

S3: $10.00 (psychological support)

🔼 Resistance

R1: $11.14–$11.17 (intraday resistance from order book)

R2: $11.67 (24h high)

R3: $12.00+ (previous swing high area)

📈 Price Action Insight

Price has bounced from the $10.70 low, showing mild bullish strength.

Currently in a sideways range between $10.70 and $11.17.

Volume is decent ($9.52M), enough for a short swing trade setup but not a breakout confirmation yet.

🧠 Trade Setups

🟢 Pullback Buy

Entry: $10.80 – $10.90

Target: $11.20 – $11.50

Stop Loss: $10.60

Rationale: Buying near bottom of range with defined stop and upside toward resistance

🔺 Breakout Play

Entry: $11.20+ (after clean breakout above $11.17)

Target: $11.67 → $12.00

Stop Loss: $10.90

Confirmation: Volume must spike to $11M+ or see 1h candle close above $11.20

🔻 Scalp Trade

Entry: $11.00 – $11.05

Target: $11.15 – $11.20

Stop: $10.85

Works well in 15m–1h timeframe if range holds

📉 Risk & Momentum Notes

If $10.70 breaks with volume, expect deeper correction to $10.40 or even $10.00

For bulls to retest $12+, you need sustained price above $11.20 with strong momentum

✅ Summary Table

Trade TypeEntry RangeTargetStop LossPullback Buy$10.80–$10.90$11.20–$11.50$10.60Breakout Buy$11.20+$11.67 → $12.00$10.90Scalp Long$11.00–$11.05$11.15–$11.20$10.85

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