đ Injective (INJ) Gearing Up for a Bullish Breakout! đ„
Injective Protocol ($INJ) is showing strong momentum, trading around $14.03 with an impressive weekly rally of over 20%. The technical setup is turning increasingly bullishâand smart traders are watching closely. Here's how you can capitalize on this move đ
đ Market Snapshot:
â Price: $14.03
â Trend: Bullish momentum building
â Volume: Rising steadilyâsign of healthy breakout potential
â Indicators: RSI near 60 (room to run), MACD bullish, MAs fully aligned
đ§ Long Trade Strategy:
đŻ Entry #1 â Pullback Zone:
Buy between $12.40â$12.70, near the 20-day moving average.
đĄ Ideal for swing traders waiting for a dip to enter strong trends.
đŻ Entry #2 â Breakout Confirmation:
Enter on a daily close above $13.10â$13.30 to ride the breakout.
đĄ Momentum buyers can use this to catch the move early.
đŻ Profit Targets:
TP1: $13.80 (Initial resistance zone)
TP2: $14.50 (Breakout continuation)
TP3: $15.50+ (Trend extension & psychological resistance)
đĄïž Risk Management:
đ Stop-Loss: Below $11.40 (if entering near pullback)
đ Alt SL: Below 20-day MA (~$12.7) if entering breakout
đ Risk/Reward: Aim for 2:1 minimumâdonât chase, plan wisely!
đ Final Thoughts:
INJ is building solid structure on daily timeframes. If Bitcoin remains steady and DeFi sentiment holds strong, INJ could be headed for a powerful rally. Keep an eye on volume spikes and bullish candle closesâconfirmation is key.
Let the trend be your friend. Load smart, manage risk, and ride the wave. đđ
DYOR No Financial advice !
#INJ/USDT #Injective #cryptotrading #Altcoins #SmartTradingStrategies