【$INJ Signal】Go Long! 1H Pullback Confirmation, Negative Fee Rate Short Squeeze Script Initiated

$INJ The 1H timeframe is currently pulling back to test the EMA20 (3.71) key support. The 4H timeframe has broken through the downtrend line, forming a bottom structure. After a sharp rally yesterday, the price is healthy and consolidating. With a negative fee rate (-0.23%), open interest remains stable, and bears face a short squeeze risk. This is a typical strong consolidation signal.

🎯Direction: Go Long (Long)

🎯Entry/Order: 3.710 - 3.720 (Reason: 1H EMA20 support zone + pullback confirmation after yesterday’s breakout)

🛑Stop Loss: 3.650 (Reason: Break below previous 1H candle low + ATR(0.165) lower band)

🚀Target 1: 3.880 (Reason: Previous high resistance level, also the first resistance on the 4H timeframe)

🚀Target 2: 4.020 (Reason: February 21 high, look for a breakout into the previous high zone)

🛡️Trade Management:

- Position Size Suggestion: Standard position (Reason: 1H/4H structure resonance, risk-reward ratio >1.5)

- Execution Strategy: After reaching 3.880, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 3.720. If the price strongly breaks through 3.900, move the stop loss up to 3.800 to aim for higher targets.

Deep Logic: The order book shows unusually thick buy orders in the 3.71-3.72 range, a clear signal of main force supporting the price. The 1H RSI(54.65) is in a healthy retracement zone, not overbought. The key point is that in a negative fee rate environment, the price refuses to fall sharply and open interest remains stable, hinting at a potential short squeeze. The 4H candlestick has formed a bullish engulfing pattern, indicating a trend reversal to bullish.

View real-time market 👇 $INJ

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