INJ Breakdown in 1H | Bears in Control👀 Welcome to my Trading View Analysis and Trading Channel Here , we share the latest market analysis, trading signals, and key insights together .
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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.
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🧭 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.
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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.
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Market Activity: Despite the price drop, Injective's trading volume remains robust, indicating continued investor interest and market activity.
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Technical Patterns: Analysts have observed that INJ has broken below the $10.25–$10.30 support zone, triggering a bearish continuation pattern.
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📌 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.
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don't forget about capital management and risk management .
Be careful with your positions . 🥇
