$INJ /USDT - Layer 1 Token at Critical MA60 Pivot
INJ is trading at $4.576, virtually unchanged at the exact level of the MA60 ($4.570). This convergence creates a decisive technical pivot point. The asset is consolidating within a moderate daily range ($4.471 - $4.709) while showing a mixed macro picture (30D: +1.85%, 90D: -45.95%). Current volume is significantly below its short-term averages, indicating a potential pause before the next significant move.
Key Levels:
Support: $4.471 (24h Low)
Resistance: $4.709 (24h High)
Pivot: $4.570 (MA60 & Current Price)
Trade Idea (Pivot Decision):
Long Entry (Breakout): $4.580 - $4.600 (On a confirmed break & hold above MA60)
SL: $4.520 (Below recent support)
TP1: $4.709 (24h High) | TP2: $4.850
Short Entry (Rejection): $4.565 - $4.575 (On rejection at MA60, failure to hold)
SL: $4.620 (Above local resistance)
TP1: $4.500 | TP2: $4.471 (24h Low)
$INJ Rationale: Price and the MA60 have converged perfectly, creating a binary high-probability decision point. The trade plan defines clear, level-based triggers to capitalize on either a bullish breakout from consolidation or a bearish rejection resuming the broader downtrend.
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