$INJ /USDT TRADE SETUP & ANALYSIS

Scenario 1: Long Position on Support Retest

Entry: Around $14.60–$14.80 (post pullback after breakout)

Target: $16.00 (next major resistance)

Stop Loss: Below $14.00 or dynamic support (~$13.80)

Risk-Reward: 1:2+

Scenario 2: Breakout Re-entry #INJ

Entry: On strong bullish candle close above $15.00 with volume

Target: $16.50–$17.00

Stop Loss: $14.50 or just under neckline

🔍 Pattern Identified: Inverse Head and Shoulders

H (Head) and L (Shoulders) are clearly marked.

A bullish reversal pattern that signals a potential trend reversal from bearish to bullish.

The neckline breakout near the $14.50–$15.00 level is already visible and now being retested.

📊 Technical Levels

📌 Support Zones

Major Support: $12.00 (previous low & shoulder area)

Short-Term Support: $13.50 (aligned with dynamic EMA support)

Trendline Support: Ascending trendline from previous lows — currently holding price action.

📌 Resistance Zones

Immediate Resistance: $15.00–$15.50 (psychological + neckline retest)

Breakout Target: $16.00–$17.00 range (next supply zone)

📉 Indicators & Trends

Green EMA (Short-term): Providing strong dynamic support, currently near $14.08.

Red EMA (Likely longer-term): Has been crossed upward — bullish alignment.

Heikin Ashi candles: Show recent rejection at resistance, followed by smaller-bodied candles = consolidation or pullback.

✅ Conclusion

The inverse head and shoulders breakout is bullish, and the price is currently retesting the neckline. A successful retest offers a solid long opportunity, while a failed one could signal a temporary dip toward lower supports.

Trade $INJ