-Anonymous-

📊 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:
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.
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.
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 $13.92–14.10Rationale: Break above EMA 25 and Bollinger midline, suggesting trend shiftStop-loss: Below $12.50Target: $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 riskStop-loss: Below $11.00Target: $13.50–14.00 (first), $16.00 (next)
✅ Entry Option 3: Momentum Trade
Trigger: Price breaks and sustains above $16.00Rationale: Continuation move post-breakout confirmationStop-loss: Below $14.50Target: $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