$INJ /USDT - Layer 1 Currency at Critical MA60 Pivot
INJ is trading at $4.576, with little change at the precise MA60 level ($4.570). This crossover creates a critical technical pivot point. The asset is positioned within a moderate daily range ($4.471 - $4.709) while showing a mixed overall picture (30 days: +1.85%, 90 days: -45.95%). The current volume is significantly below its short-term averages, indicating a potential pause before the next big move.
Key Levels:
Support: $4.471 (24-hour low)
Resistance: $4.709 (24-hour high)
Pivot: $4.570 (MA60 and current price)
Trading Idea (Decision at Pivot):
Long Entry Condition (on breakout): $4.580 - $4.600 (upon confirmed breakout and hold above MA60)
Stop Loss: $4.520 (below recent support)
Take Profit Targets: TP1: $4.709 (24-hour high) | TP2: $4.850
Short Entry Condition (on rejection): $4.565 - $4.575 (upon rejection of price from MA60, failed to hold)
Stop Loss: $4.620 (above local resistance)
Take Profit Targets: TP1: $4.500 | TP2: $4.471 (24-hour low)
$INJ Logic: The price action has converged with the MA60 indicator perfectly, creating a high-probability binary decision point. The trading plan defines clear level-based triggers to capitalize on either a bullish breakout from the pivot or a bearish rejection resuming the broader downtrend.
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