TECHNICAL ANALYSIS: 🎯
Price Structure:
- Current Price: $2.01 (-0.25%)
- Timeframe: 15M/1H
- Key breakout setup forming
- Multiple targets identified
Trade Setup Targets:
- TP1: $1.95 (Short-term target)
- TP2: $2.45 (Major target) (24.96% Extended target)
Technical Insights:
- Falling wedge pattern completed (yellow line)
- Clear stop loss zone marked
- Bullish divergence forming at support
- Volume showing potential accumulation
Key Levels:
▪️ Entry Zone: $1.9 - 2.01
▪️ Stop Loss: Below $1.80 (marked in red)
▪️ Initial Resistance: $2.03
▪️ Major Resistance: $2.46
Risk Management:
- Clear invalidation below marked stop loss
- Risk:Reward Ratios:
• To TP1: 1:3
• To TP2: 1:5
Timeframe: 15M/1H
Bias: Bullish on Break
Pattern: Falling Wedge Breakout
Note: Always use proper position sizing. This is technical analysis only. DYOR.
#INJ #Crypto #TechnicalAnalysis #Binance
Key Observation: Watch for volume confirmation at breakout level for entry validation.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.