๐ธ 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.
๐ธ 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.
๐ธ Upside Target: $50+
The breakout opens up targets towards $20, $30, and eventually $50+ if momentum continues and BTC dominance remains favorable.
๐ธ 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.
๐ธ Action Plan:
Entry on retest: $10 - $10.50
Invalidation below: $9
Targets:
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TP1: $18
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TP2: $28
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TP3: $38
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TP4: $50+
INJ appears to be entering a new bullish phase after a long consolidation. Keep an eye on volume spikes and market sentiment.