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Hxlaw
Hxlaw
$INJ Trend and Price (Price Action) • Strong increase: The current price is at $5,413, recording an impressive increase of +13.21% in the past 24 hours. • Candle structure: Long-stummed green candles appear continuously with increasing trading volume (Volume), indicating that buying force is completely overwhelming. • Top and Bottom: The price has just formed the highest peak in 24 hours at $5,420, breaking sharply from the accumulation area around $4,600 - $4,800 before. Technical indicators • Moving average (MA): The price is on all important MA lines (MA5, MA10, MA20, MA30, MA60, MA120). • Slope: Short-term MA lines (MA5, MA10) are steeply steeply, reinforcing a steep upward trend (parabolic move). Short-term comment • Resistance: The next psychological milestone may be around the $5,500 - $5,600 area. • Support: If there is a correction, the $5,200 area (near MA5) and the old breakout area around $5,050 (MA10) will be important technical fulcrums. Note: With the rapid increase in a short time, the RSI index (although not clearly visible but predictable) is in the overbought zone. You should be careful with "swinging the top" orders at the current price area.

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