INJ's recent trend is quite interesting, with the current price stuck at 6.13, just hitting the upper band of the 1-hour Bollinger Bands. The RSI has surged to 71, and technically, it does seem a bit overheated, but the overall long positions structure is still relatively stable.

Let's first talk about the overall environment. The price is above the MA200 (5.81) and the average holding cost (5.94), with a short-term deviation of 5.5% that is not exaggerated. It has increased nearly 1% in 24 hours, and the trading volume has surged by 95%, with buy orders clearly more active. Interestingly, the contract positions have shrunk by 81% within a day, but spot funds are continuously entering the market—what does this indicate? Some people are cashing out at high positions, while new funds are quietly taking over.

Let's look at the key price levels. The POC (Point of Control) is at 7.97, which is the hard resistance above. A few high volume areas worth noting below are: 5.44-5.48 is a solid support zone, 6.55-6.77 and 7.66-8.10 are both accumulation zones, and prices tend to fluctuate back and forth when reaching these areas. Conversely, the segments 5.17-5.22, 6.11-6.19, and 8.59-8.92 are volume vacuum zones, and once broken, they usually get traversed quickly.

Currently, 6.13 is right in the weak range of 6.11-6.19, with buy and sell orders each accounting for half (Up Volume 50.2%), and the strength is quite tense. Looking upwards, 6.55-6.77 is the first hurdle, while downwards, 5.44-5.48 is the final line of defense.

How to handle the trading? My idea is not to rush in. Wait for the price to pull back to the 5.97-6.04 range (the area between the lower edge of LVN and MA200). If a long lower shadow or an engulfing bullish candle reversal signal appears, consider entering long positions. Set the stop loss below 5.44 or reduce 0.03 from the lowest point of the entry candle. The take profit is divided into two levels: conservatively looking at 6.55 and aggressively aiming for 6.77.

Let's do the math. Assume entering at 6.00, stop loss at 5.44, the risk-reward ratio for the first target of 6.55 is approximately 0.98:1, and for the second target of 6.77 it can reach 1.38:1. Be strict with risk control, keeping the risk per trade within 1% of the account, and use ATR to reverse-engineer the specific position size. If the price directly breaks through 6.77, you can move the stop loss to 6.55 to protect profits.

In summary, the buying pressure is dominant now but the technical indicators are overbought, making it unsuitable to blindly chase higher prices. 5.44 and 6.77 are two critical watersheds—breaking below or above either one requires a reassessment of the trend. When the market is highly volatile, the stop-loss can be flexibly adjusted to the entry candlestick low ±0.5 times ATR. Execute strictly according to the plan, and do not let emotions dictate your actions.