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⚡️Today , we're going to analyze the INJ ( Injective) coin together on the daily timeframe and find triggers for our positions .
📉 INJ 1H Technical Breakdown
The INJ coin is currently exhibiting signs of weakness on the 1-hour timeframe, having broken below the key support level at $9.18 and continuing its downward trajectory. This movement indicates a shift in market sentiment towards bearishness.
Binance
🧭 Trend & Indicators:
Downtrend Formation: A clear downtrend is forming, characterized by lower lows and lower highs, suggesting sustained selling pressure.
Increasing Selling Volume: There's a noticeable increase in selling volume, reinforcing the bearish momentum.
Binance
RSI Approaching Oversold: The Relative Strength Index (RSI) is nearing the oversold zone, indicating potential for further downside but also cautioning traders of possible short-term reversals.
Price Below SMAs: The price is closing below all three Simple Moving Averages (SMAs), signaling a continuation of the bearish structure.
EMA 50 Rejection: A sharp rejection occurred after a retest of the EMA 50, followed by a strong red candle — a classic sign of bearish strength.
📰 Recent Developments:
Price Decline: Over the past week, INJ's price has declined by approximately 8.3%, reflecting broader market corrections.
CoinGecko
Market Activity: Despite the price drop, Injective's trading volume remains robust, indicating continued investor interest and market activity.
CoinCarp
+15
crypto.news
+15
Coinbase
+15
Technical Patterns: Analysts have observed that INJ has broken below the $10.25–$10.30 support zone, triggering a bearish continuation pattern.
Binance
📌 Trading Insight:
With proper risk management and a solid trading plan, this setup offers a potential short opportunity. The technical signals are aligned, and momentum appears to favor sellers for now.
🎯 Watch for continuation patterns or lower time frame triggers to enter with precision.
I love you all so much . 👀
don't forget about capital management and risk management .
Be careful with your positions . 🥇
Ready for smarter trades ? ⭐️
⚡️Today , we're going to analyze the INJ ( Injective) coin together on the daily timeframe and find triggers for our positions .
📉 INJ 1H Technical Breakdown
The INJ coin is currently exhibiting signs of weakness on the 1-hour timeframe, having broken below the key support level at $9.18 and continuing its downward trajectory. This movement indicates a shift in market sentiment towards bearishness.
Binance
🧭 Trend & Indicators:
Downtrend Formation: A clear downtrend is forming, characterized by lower lows and lower highs, suggesting sustained selling pressure.
Increasing Selling Volume: There's a noticeable increase in selling volume, reinforcing the bearish momentum.
Binance
RSI Approaching Oversold: The Relative Strength Index (RSI) is nearing the oversold zone, indicating potential for further downside but also cautioning traders of possible short-term reversals.
Price Below SMAs: The price is closing below all three Simple Moving Averages (SMAs), signaling a continuation of the bearish structure.
EMA 50 Rejection: A sharp rejection occurred after a retest of the EMA 50, followed by a strong red candle — a classic sign of bearish strength.
📰 Recent Developments:
Price Decline: Over the past week, INJ's price has declined by approximately 8.3%, reflecting broader market corrections.
CoinGecko
Market Activity: Despite the price drop, Injective's trading volume remains robust, indicating continued investor interest and market activity.
CoinCarp
+15
crypto.news
+15
Coinbase
+15
Technical Patterns: Analysts have observed that INJ has broken below the $10.25–$10.30 support zone, triggering a bearish continuation pattern.
Binance
📌 Trading Insight:
With proper risk management and a solid trading plan, this setup offers a potential short opportunity. The technical signals are aligned, and momentum appears to favor sellers for now.
🎯 Watch for continuation patterns or lower time frame triggers to enter with precision.
I love you all so much . 👀
don't forget about capital management and risk management .
Be careful with your positions . 🥇
Heyy! 😄
I'm Sophia, a 19-year-old gal who’s totally obsessed with trading 💹 and working out 💪!
I trade using smart money 🧠 and breakout strategies 🚀, and I’m also a pro bodybuilder in fitness 🏋️♀️✨.
Join Me: 👉 t.me/SophiaTrade19 💬📈
I'm Sophia, a 19-year-old gal who’s totally obsessed with trading 💹 and working out 💪!
I trade using smart money 🧠 and breakout strategies 🚀, and I’m also a pro bodybuilder in fitness 🏋️♀️✨.
Join Me: 👉 t.me/SophiaTrade19 💬📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Heyy! 😄
I'm Sophia, a 19-year-old gal who’s totally obsessed with trading 💹 and working out 💪!
I trade using smart money 🧠 and breakout strategies 🚀, and I’m also a pro bodybuilder in fitness 🏋️♀️✨.
Join Me: 👉 t.me/SophiaTrade19 💬📈
I'm Sophia, a 19-year-old gal who’s totally obsessed with trading 💹 and working out 💪!
I trade using smart money 🧠 and breakout strategies 🚀, and I’m also a pro bodybuilder in fitness 🏋️♀️✨.
Join Me: 👉 t.me/SophiaTrade19 💬📈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.