Hey Binance Square fam! Injective (INJ/USDT) looks primed for a bullish swing after a solid pullbackāthis setup is crafted to be friendly, informative, and fully Binance Square compliant. RememberāDYOR, manage risk smartly, and enjoy the ride! š
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š Chart & Technical Context
INJ recently pulled back into a key support zone at $10.74ā$10.90, rebounding near $10.92āa potential entry point for buyers looking to ride the next wave .
Support Zone: $10.74ā$10.90, where buyers have stepped in .
Resistance Levels: $10.99, $11.17, and the major zone at $11.71 .
Recent dip to ~$10.60ā$10.00 indicates even deeper supportāvalidates the current rebound .
On the macro side, a falling wedge breakout is forming on daily chartsātraditionally a bullish signāfollowing a strong wedge breakout in April that led to a 216% rally .
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šÆ Swing Trade Plan
Entry Zone: $10.90ā$10.94 (within current support range)
Stop-Loss (SL): Around $10.74 (just below support)
Take-Profit Targets (TP):
TP1: $10.99
TP2: $11.17
TP3: $11.70ā$11.80 (psychological + supply levels)
Alternate Aggressive Entry:
Breakout and retest zone at $11.60 could launch a larger leg ā offers swing potential toward $14.20ā$23.00 . Keep SL under $10.70 if taking this trade.
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āļø Why This Setup Makes Sense
1. Strong Demand Zone: INJ remains above the $10.74ā$10.90 zoneāshowing clear buyer presence .
2. Falling Wedge Setup: Wedge breakout history and bullish momentum potentialātargets ~50ā60% gains .
3. Volume + Buy-the-Dip structure: Bounce near wedge support fits classic recovery pattern .
4. Scalable Trade Options: Simple support bounce or higher-volume wedge breakout beneath major resistance zones.
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š Execution Tips
1. Place Alerts at key levels: $10.90 entry, $10.74 stop, and $10.99 & $11.17 profit zones.
2. Confirm Bounce: Look for bullish candlestick form and volume in the entry range.
3. Position Size Smartly: Risk ~1ā2% per trade.
4. Stage Exits: Take partial profits at each TP and trail the rest upward.
5. Watch Broader Market: INJ often responds to BTC/ETH strengthāalign your trade with macro moves.
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ā ļø Risk Reminder
This is educational content, not financial advice.
Confirm entries with price action and volume before committing.
Respect stop-lossāif price closes below $10.74, exit and reassess.
Be mindful of market volatility, especially near news events.
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š¬ Final Take
INJ looks ready for a modest swing back up from the $10.90 zone, with clear profit targets at $10.99, $11.17, and $11.70+. Thereās even a chance for bigger gains if a breakout above $11.60 gains steamācharts show yield in both directions.
Let me know if you'd like help setting alerts, sizing positions, or monitoring breakoutsāalways happy to support, Square fam! šš¬
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š”ļø Binance Square Checklist:
Entry/SL/TP clearly defined āļø
Friendly, educational narrative āļø
No hype or referral links; DYOR reminder included āļø