Price: 10.44 | EMA7: 10.82 | EMA25: 11.3 | RSI14: 43.06 | Resistance: 15.48 | Support: 6.34 | Average Volume: 1127852.85 | Volume Trend: Decreasing
Based on the 1-day technical analysis of INJUSDT, here are my findings:
* Price is trading below both EMA7 and EMA25, indicating a bearish trend.
* RSI14 is at 43.05, which suggests the price is oversold and may experience a minor bounce.
* MACD is bearish, indicating a downward momentum.
* Resistance lies at 15.48 and support at 6.34.
Advice:
* Best Long/Short entry price: 9.50-9.70 (awaiting a bounce from oversold levels and potential entry point).
* Best spot buy price: 8.50-9.00 (strong support zone, potential low-risk entry).
Note: These are intraday recommendations and may not be suitable for all traders. Consider your risk tolerance, market conditions, and trading strategy before making any decisions.