INJ +12.4% with 4H RSI at 82. The question is not IF it pulls back, but WHEN. 🎯
Injective at $5.76 is on fire — strong uptrend, price above all MAs, volume increasing at 1.41x. But 4H RSI at 82 is flashing warning signs. Daily RSI at 65.6 is healthier, suggesting the bigger trend still has legs.
📊 Why This Trade?
MACD on both timeframes is strongly positive with expanding histograms — momentum is real. L/S ratio at 1.33 shows moderate long positioning (not dangerous). The trend is your friend until it bends.
🔑 Trade Plan (LONG):
• Entry: $5.68 – $5.84
• SL: $5.44 (below 4H SMA7 at $5.45)
• TP1: $5.99 | TP2: $6.22 | TP3: $6.45
Buy the dip to entry zone — do not chase at the highs.
INJ to $7 or back to $5? What is your target? 🎯
#INJ #Injective #DYOR
⚠️ Disclaimer: This is not financial advice. Do your own research. Trading involves significant risk.
Injective at $5.76 is on fire — strong uptrend, price above all MAs, volume increasing at 1.41x. But 4H RSI at 82 is flashing warning signs. Daily RSI at 65.6 is healthier, suggesting the bigger trend still has legs.
📊 Why This Trade?
MACD on both timeframes is strongly positive with expanding histograms — momentum is real. L/S ratio at 1.33 shows moderate long positioning (not dangerous). The trend is your friend until it bends.
🔑 Trade Plan (LONG):
• Entry: $5.68 – $5.84
• SL: $5.44 (below 4H SMA7 at $5.45)
• TP1: $5.99 | TP2: $6.22 | TP3: $6.45
Buy the dip to entry zone — do not chase at the highs.
INJ to $7 or back to $5? What is your target? 🎯
#INJ #Injective #DYOR
⚠️ Disclaimer: This is not financial advice. Do your own research. Trading involves significant risk.