帖子
$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.
