๐ LONG
$INJ ๐ฐ Entry: 8.0270
๐ก Stop-loss: 7.4843 (โ6.8%)
๐ฏ Take-profit: 8.6783 โ 9.0039
๐ A bullish engulfing candle just swallowed the prior red bar right at EMA20 โ the pullback low is locked and buyers took the round.
โข EMA stack is fully bullish with an 11.3% spread, giving the trend real room before price even tags the slow MAs
โข Pullback hit EMA20 within 2%, a shallow dip into support that dip-buyers defended immediately
โข Engulfing candle spanned 0.93 ATR, so the rejection bar carries real force, not noise
โข 4H, daily, and Elliott structure all point the same way โ one clean directional map
โข RSI at 57 leaves room to run, and favorable R:R means risk is small versus the trend leg ahead
โญ Score 79.7/100 โ
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Long bias while price holds above EMA20 on a candle-close basis; tight stop under the engulfing low, scale in on strength.
๐ฌ Long
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