📉🔥 $INJ
/USDC BEARISH BREAKDOWN LIKELY AS MOMENTUM WEAKENS 🔥📉
$INJ is trading at $10.61 with a short-term bounce of +2.41%, but broader market structure remains bearish. Recent rejections and trend indicators suggest a likely continuation to the downside.
🔍 KEY LEVELS TO WATCH:
🔺 Resistance:
$10.85 – EMA confluence & BOLL mid-band
$11.20 – Major breakdown zone
🔻 Support:
$10.10 – Intraday pivot
$9.80 – Weekly structural support
$9.25 – Key target zone from previous lows
🧨 TRADE SETUP – SHORT POSITION
🔸 Entry: $10.60 – $10.80
🔸 Stop-Loss: $11.25
🔸 Take Profit 1: $10.10
🔸 Take Profit 2: $9.80
🔸 Take Profit 3: $9.25
📊 INDICATORS INSIGHT:
MACD 📉: Bearish crossover persists
EMA 📉: Price trading below key moving averages
Bollinger Bands 🔻: Tightening – volatility expansion likely
⚠️ RISK MANAGEMENT:
✅ Use proper position sizing
✅ Risk max 1-2% per trade
✅ Stick to SL – no overleveraging!
🔻 Trend is your friend – don’t fight it! 🔻
#TrumpVsMusk #REX-OSPREYSolanaETF #DYMBinanceHODL #OneBigBeautifulBill #NODEBinanceTGE