$INJ is Breaking Out! 🚀 Bullish Momentum Alert 🔥
Post Content:
The charts don't lie!
$INJ (Injective) is showing massive strength today, up over 7.8% and currently trading around $5.55.
Key Technical Observations:
📈 Breakout Performance: Price has pierced the Upper Bollinger Band, signaling a very strong bullish momentum.
📊 MACD Confirmation: The MACD histogram is growing green, and the signal lines are trending upward, confirming the buying pressure.
⚠️ RSI Caution: The RSI (10) is currently at 88.9, which is in the Overbought zone. While the trend is strong, we might see a small "healthy correction" or consolidation before the next leg up.
Support & Resistance:
Immediate Resistance: $5.57 - $5.60
Key Support: $5.20 (Middle Bollinger Band)
My Strategy:
If you are already in, it’s a great time to trail your Stop Loss higher to lock in profits. For new entries, watching for a successful retest of the $5.30 level could provide a safer entry point.
What do you think? Is
$INJ headed for $6.00 next? Let me know your targets in the comments! 👇
#INJ #Injective #CryptoTrading #TechnicalAnalysis #BinanceSquare #Altcoins
#BullRun