🔸 Key Support Zone at $6.5 - $9:
INJ successfully bounced from the key accumulation zone, hitting a low of $6.5 and is now showing strong signs of a breakout, currently trading at $11.85.
🔸 Retest Opportunity at $10.00:
If you missed the entry in the accumulation zone, a healthy pullback and retest near $10.00 would offer a great re-entry with reduced risk.
🔸 Upside Target: $50+
The breakout opens up targets towards $20, $30, and eventually $50+ if momentum continues and BTC dominance remains favorable.
🔸 Risk Level at $9.00:
Bullish structure remains valid as long as price stays above $9. A break below this could lead to consolidation or invalidation of the breakout.
🔸 Action Plan:
Entry on retest: $10 - $10.50
Invalidation below: $9
Targets:
✅ TP1: $18
✅ TP2: $28
✅ TP3: $38
✅ TP4: $50+
INJ appears to be entering a new bullish phase after a long consolidation. Keep an eye on volume spikes and market sentiment.
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.
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.