💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing MKR on the 1-Day timeframe timeframe .
👀 4H timeframe on Injective (INJ) – After breaking its downtrend line, INJ moved toward the $13.41 resistance, broke through it successfully, and is now sitting just below the $14 resistance zone. A clean breakout and confirmation above $14 could open the way toward the next resistance at $16, which also acts as a strong trigger level.
⚙️ On the RSI, the key zones to watch are 50 and 70. If momentum pushes above these levels, INJ could start a new upward leg.
🕯 Green candles are showing increased size and volume. At $14, we’ve seen a cluster of sell orders triggered – profit-taking, shorts, and spot sells. Once this selling pressure is absorbed and order books clear out, INJ has a good chance to stabilize above $14, which is a very critical level to monitor.
💰 On the INJ/BTC 4H chart, the pair also broke its trendline and resistance, now waiting for confirmation above that level. Buying volume has been strong – whales are showing preference for INJ over BTC. RSI is currently around 72+, reflecting heavy trading activity and strong momentum.
📊 Looking at the Bitcoin dominance 4H chart, after losing its support at 58.36%, dominance is moving lower toward the next support at 57.81%.
🔔 In short: $14 is the key resistance for Injective. Wait for a confirmed breakout, stabilization above it, and ideally a pullback retest before entering with a reasonable risk-to-reward setup.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing MKR on the 1-Day timeframe timeframe .
👀 4H timeframe on Injective (INJ) – After breaking its downtrend line, INJ moved toward the $13.41 resistance, broke through it successfully, and is now sitting just below the $14 resistance zone. A clean breakout and confirmation above $14 could open the way toward the next resistance at $16, which also acts as a strong trigger level.
⚙️ On the RSI, the key zones to watch are 50 and 70. If momentum pushes above these levels, INJ could start a new upward leg.
🕯 Green candles are showing increased size and volume. At $14, we’ve seen a cluster of sell orders triggered – profit-taking, shorts, and spot sells. Once this selling pressure is absorbed and order books clear out, INJ has a good chance to stabilize above $14, which is a very critical level to monitor.
🔔 In short: $14 is the key resistance for Injective. Wait for a confirmed breakout, stabilization above it, and ideally a pullback retest before entering with a reasonable risk-to-reward setup.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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☄️ Telegram
t.me/FireHoseReel
☄️ Trade & Earn
bitunix.com/register?inviteCode=28r21f
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🔥 Join the Action Now 🔥
☄️ Telegram
t.me/FireHoseReel
☄️ Trade & Earn
bitunix.com/register?inviteCode=28r21f
☄️ Telegram
t.me/FireHoseReel
☄️ Trade & Earn
bitunix.com/register?inviteCode=28r21f
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.