🤖 AI Insight

**Technical Analysis of INJUSDT (1 day chart)**

**Overall Outlook:** Bearish trend due to consistently decreasing volume and negative MACD.

**Key Levels:**

- **Resistance:** Strong resistance at 16.55, a long-term barrier for price action.
- **Support:** Strong support at 2.74, which is the long-term support level for INJUSDT.

**Moving Average Analysis:**

- **Short-term (EMA7):** Above short-term price (7.33), indicating a slight uptrend in the short term.
- **Long-term (EMA25):** Above short-term and current price, indicating a strong uptrend in the long term.

**RSI:** 32.695354066834, indicating an oversold market condition, which might lead to a temporary rebound.

**MACD:** Strongly negative (-0.81710017181336), confirming a bearish trend.

**Volume Trend:** Decreasing volume is consistent with a bearish trend, but it's essential to monitor for any changes.

**Recommendation:**

1. **Long/Short Entry Prices:** For a bearish trade, consider shorting INJUSDT when it approaches or breaks below the short-term EMA7 (around 7.5-8) and the current price (7.33). However, be cautious of the potential rebound due to the oversold RSI. If you're bearishly inclined, it might be more effective to wait for the price to retest or break the support level at 2.74 for a stronger short sell signal.
2. **Spot Buy Prices:** Since the overall outlook is bearish and we're looking at the short-term analysis, it's recommended to avoid buying INJUSDT for now. However, for long-term investors, consider buying when the price is approaching or slightly below the support level (around 3.00-2.50).