$INJ Analysis – Ascending Channel Breakout Potential 📈
INJ is currently trading within a well-defined ascending channel on the 15-minute chart, holding support around $8.10 and eyeing resistance near $8.50.
What’s cooking? 🔍
• Higher lows and highs confirming bullish momentum ✅
• Price is hovering near the upper trendline — a key breakout zone
• A strong break above $8.50 with volume could push INJ toward $8.70–$9.00 in the short term 🚀
• Rejection? Look for a potential bounce at $8.15–$8.20 for another shot ⏳
Trade Setup 💡
Wait for a clean breakout + volume confirmation. If $8.50 flips into support, this could be a low-risk, high-reward play with a solid R:R setup ⚔️
Let’s watch this closely!
