$INJ is currently pumping hard at $12.86 with an impressive +9.26% gain, sitting just below its 24-hour high of $12.89. The 30-minute chart displays strong bullish momentum with a clear breakout structure forming. The stair-step price action indicates healthy buying pressure with each new level being established.
Trade Setup Details
Entry Zone: $12.70 – $12.90
Take Profit Targets:
TP1: $13.40
TP2: $14.20
TP3: $15.00
Stop Loss: $12.20
Key Technical Levels
Support: $12.20
Resistance: $12.90 (watch for breakout candle close)
Market Insight
The clean stair-step price action accompanied by growing volume shows significant strength as $INJ attempts to flip the key resistance level at $12.90 into support. This pattern typically signals continued upward movement once the resistance is convincingly broken.
Pro Trading Tip
Keep a close eye on potential retests of the $12.70 zone, as this could provide an excellent re-entry opportunity before the next leg up. These retests often offer lower-risk entries with favorable risk-to-reward ratios for traders who missed the initial breakout.