INJ/USDT Buy singnal
1. Yes, there is a valid Spot Buy Signal on this chart. Confirmed with three strong bullish indicators: (i) Price bouncing off the rising yellow trendline support, (ii) Price trading above key EMAs (EMA20 at 5.231, EMA50 at 5.165, EMA200 at 5.161), (iii) MACD showing potential bullish crossover with DIF (0.003) nearing DEA (0.006) from below.
2. **Support and Resistance levels**: Support at 5.083 (24h low and trendline touch); Resistance at 5.352 (24h high).
**Trend direction**: Emerging uptrend with higher lows and price above rising EMAs.
**Volume activity**: High volume on upside candles (e.g., 190k early), low on pullbacks—aligns with bullish momentum.
3. **First Entry Zone**: 5.24 - 5.25 (current price zone for immediate entry).
**Second Entry Zone**: 5.15 - 5.20 (dip to EMA support for added confirmation).
4. **Take Profit (TP)**: 5.35 (near 24h high).
**Stop Loss (SL)**: 5.08 (below support to limit risk).
5. **Spot Buy Signal - INJ/USDT**
Buy: 5.15 - 5.25
TP: 5.35 (aim for quick scalp)
SL: 5.08 (risk 2-3%)
Rationale: Bullish bounce in uptrend; scale in on dips, manage risk tightly.
#TradingSignals #Spot $INJ $BTC