A purchase deal for Injective (INJ) is currently possible, but it requires adherence to smart entry, as the price is trading near $3.00 with sideways movements and neutral momentum leaning upwards in case of breaking resistance.
📈 Suggested Trade (Buy INJ):
Entry Zone: $3.05 – $3.15 (after stabilizing above $3.10)
Target 1: $3.30
Target 2: $3.50
Target 3: $3.60 (strong resistance area)
Stop Loss: $2.85
📊 Technical Analysis:
The price is moving within a consolidation range with a pivotal resistance at $3.10–$3.20, and breaking it gives an upward signal towards $3.60, while staying below keeps the scenario sideways. The indicators are currently neutral with the potential for an upward move supported by liquidity flow towards alternative currencies, but without a clear strong catalyst, thus the breakout is the essential condition for safe entry.
⚠️ Capital management is crucial — the trade is short to medium term and not a long-term investment at this time.
Share your opinion in the comments ✍️👇
