๐$INJ Breakout Mode: Bulls Back in Action!
Gain: +5.57% in last 24h
1H + 4H Chart Analysis
๐ On the 1H chart, $INJ has formed a strong green breakout candle above both 20 EMA and 50 MA, with RSI soaring to 72.53, indicating strong bullish momentum.
โฐ On the 4H chart, a clean breakout from consolidation is visible with back-to-back green candles and MACD showing bullish crossover. RSI at 64.56 confirms bullish strength.
๐ MA/EMA Cross (50/20) is acting as a tailwind on both timeframes, further validating bullish continuation.
๐ Bullish Trade Strategy:
Entry Zone: $13.30 โ $13.40
Short-Term Target: $14.10
Breakout Target: $14.80
Support Stoploss: $12.85 (below 20 EMA on 1H)
Bias: Short-to-Mid-Term Bullish ๐
๐ Why Bullish?๐ค๐ฅ
Volume-backed breakout
RSI confirmation above 64+
MACD crossover with histogram flip
Price reclaiming all EMAs cleanly
Market-wide sentiment improving
๐ก Pro Tip:
Watch for volume above 13.50 โ if sustained, this could trigger a mini parabolic run toward $15. Accumulate on dips with tight SL.
๐ This is not financial advice. Always DYOR before investing.
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