a short technical analysis and trade signal for$ $INJ

/USDT based on the current market data:

Technical Analysis

Current Price: $24.00

24h High: $26.48 | 24h Low: $23.98

Support Level: $23.98 (recent low)

Resistance Level: $26.48 (recent high)

Indicators:

RSI: At around 40 (suggesting a neutral to bearish momentum)

Moving Averages: Short-term MA slightly below the current price indicating potential consolidation or continuation downwards.

Trade Signal (For the Short-Term):

Trade Setup: Sell if price breaks below $23.98 with a target towards $22.50.

Buy if price re-tests and holds above $24.50, aiming for resistance at $26.00.

Target Levels:

1. First Target (Bearish Scenario): $22.50 (break of support)

2. Second Target (Neutral Scenario): $24.50 (retracement towards resistance)

3. Third Target (Bullish Scenario): $26.00 (testing resistance zone)

Trade Momentum:

Bearish Momentum: Below $24.00, the price is likely to test lower levels such as $22.50.

Bullish Momentum: Above $24.50, the price could gain momentum, retesting $26.00 and beyond.

For a balanced approach, observe price movements around $24.00, as it could show either continuation or reversal based on market conditions.

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