4/6
Break above + close above: First sign of trend reversal. Traders watch for a retest of the line as support.Rejection at the line: Means sellers are still in control. Next target would be the prior lows near $3.43. Volume Break above + close above: First sign of trend reves
INJ/USDT monthly chart - the blue line from the 2024 high down to now.
What it’s showing:
Downtrend is intact: Price has been making lower highs since early 2024. Each time INJ rallied, it got rejected under that blue line.
3/6Current spot: Price is around $4.99 as of the chart, sitting right at the trendline. 11d 11h left on this monthly candle.
Key level: If this monthly candle closes above the blue line, that’s a potential trend break. If it gets rejected again, the downtrend continues.