INJ Ready After 50% RetraceINJ is another crypto project that seen massive interest and price rise straight out of the bear market.
Now we see it has completed a very typical retrace pattern and percentage. Since reaching its all time high it has completed a standard ABC retrace of 50% of its low.
Current Trading Plan:
Re-accumulate and look for another major rise in price. Risk at this stage in the cycle is much higher as we are not at a bear market low. We are at a 50% retrace of that low.
Targets will be a 1/3-50% retrace back to the all time high and look for continuation for a much larger second run is the rest of the market show signs of recovery this summer.
