My Analysis: Injective is showing a classic "bull trap" structure. After a massive liquidity spike toward $4.00, the price has collapsed back below all major moving averages. It is currently struggling to reclaim the MA 7 ($3.195), which has flipped from support to a firm resistance. The MA 25 ($3.227) and MA 99 ($3.238) are also trending downward above the current price, creating a heavy supply zone. Given the decreasing buy volume, a continuation toward the previous consolidation base is highly likely.
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$INJ /USDT Short Setup
Entry: $3.150 – $3.190
TP1: $2.950
TP2: $2.780
TP3: $2.600
SL: $3.350
My Analysis: Injective is showing a classic "bull trap" structure. After a massive liquidity spike toward $4.00, the price has collapsed back below all major moving averages. It is currently struggling to reclaim the MA 7 ($3.195), which has flipped from support to a firm resistance. The MA 25 ($3.227) and MA 99 ($3.238) are also trending downward above the current price, creating a heavy supply zone. Given the decreasing buy volume, a continuation toward the previous consolidation base is highly likely.