INJ Long Position (Resistance Breakout)
Market Context: INJ has broken a crucial resistance and is showing strong signs of upside momentum, with moving averages beginning to trend upwards. We are looking for a pullback to the new support level around $17.5 to enter a long position.
Trade Setup:
Entry: Enter a long trade around $17.5 (new support level).
Take Profit:
First target: $20
Second target: $25
Third target: $30
Stop Loss: Below $16
📊 This setup is based on the retest of newly formed support and aligns with bullish market indicators. #INJ #Breakout #Crypto
Trade Setup:
Entry: Enter a long trade around $17.5 (new support level).
Take Profit:
First target: $20
Second target: $25
Third target: $30
Stop Loss: Below $16
📊 This setup is based on the retest of newly formed support and aligns with bullish market indicators. #INJ #Breakout #Crypto
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.