📊 General Overview:

Trend: Medium-term downtrend, but recent sideways movement with bullish attempts suggests a potential reversal or accumulation phase.

Current price: Around $13.61.

🔍 Technical Indicators:

  1. EMA 25 (Exponential Moving Average) – $13.92

  • Price is still slightly below the EMA, acting as dynamic resistance.

  • A weekly close above $13.92 could confirm trend reversal, marking a bullish breakout entry.

  1. Bollinger Bands (25 SMA):

  • The bands have contracted, signaling low volatility – often a precursor to a larger move.

  • Price is now approaching the middle band (SMA), acting as resistance.

  1. Volume:

  • Rising bullish volume since May suggests growing buy-side interest.

  • This supports the idea of an accumulation phase.

🎯 Potential Entry Points:

✅ Entry Option 1: Breakout Entry

  • Trigger: Weekly candle closes above $13.92–14.10

  • Rationale: Break above EMA 25 and Bollinger midline, suggesting trend shift

  • Stop-loss: Below $12.50

  • Target: $16.00 (initial), $18.00 (extended)

✅ Entry Option 2: Pullback Entry

  • Trigger: Price pulls back to $11.50–12.00 and shows reversal (bullish engulfing, hammer, etc.)

  • Rationale: Buy at support with tighter risk

  • Stop-loss: Below $11.00

  • Target: $13.50–14.00 (first), $16.00 (next)

✅ Entry Option 3: Momentum Trade

  • Trigger: Price breaks and sustains above $16.00

  • Rationale: Continuation move post-breakout confirmation

  • Stop-loss: Below $14.50

  • Target: $18.00–20.00

❗Risk Management:

  • This market is still technically not in a confirmed uptrend.

  • Use position sizing and stop-losses strictly.

  • Monitor macro news or Bitcoin moves, as they can heavily influence altcoins like INJ.



#INJ