Price: 11.8 | EMA7: 11.46 | EMA25: 10.5 | RSI14: 79.41 | Resistance: 12.16 | Support: 8.85 | Average Volume: 178743.68 | Volume Trend: Decreasing
Based on the 4h technical analysis of INJUSDT, here are my observations and recommendations:
* The MACD line is above the signal line, indicating a potential uptrend.
* The RSI is approaching overbought territory, suggesting a potential pullback.
* EMA7 and EMA25 are trending upwards, but EMA7 is getting close to EMA25, indicating a possible convergence.
* The price is touching the upper end of the decreasing volume trend, which may be a sign of exhaustion.
Based on these observations, I would recommend the following entry and buy prices:
* Long/Short entry: 11.45 (near the EMA7) to reduce potential losses in case of a pullback.
* Best spot buy price: around 10.60 (lower support level) to get in at a better entry point with a potential larger upside.
Please note that these are just technical analysis recommendations and may not reflect fundamental analysis or market conditions. It's essential to follow your risk management strategy and adjust your positions accordingly.