$INJ /USDT chart analysis and trade setup

1. Pattern Formation:

A potential Inverse Head and Shoulders is visible:

Left Shoulder: Mid-dip.

Head (L): Bottom at ~$11.00.

Right Shoulder: Formed before the breakout.

Neckline Breakout: Around $13.00–$13.20 (clearly broken now).

2. Volume & Momentum:

Strong bullish candles after the breakout, suggesting momentum continuation.

Peak profit label indicates strong prior return — often attracts late buyers.

3. Moving Averages:

Green MA (~12.40): Recently broken to the upside – acts as a dynamic support.

Red MA was resistance but now crossed – bullish signal.

4. Resistance Levels:

Current price: ~$13.87.

#INJ Next Resistance Zone: Around $15.50–$16.00.

Upper trendline targets near $17.00.

5. Support Levels:

Immediate support: $13.00 (previous neckline).

Strong support: $12.40 (MA).

Stop-loss level: Below $11.00 (head low).

Trade Setup:

Bias: Bullish (Breakout confirmation from inverse H&S)

Entry:

Already active after breakout.

Conservative entry on a retest of $13.00–$13.20 zone.

Targets:

TP1: $15.50

TP2: $17.00 (trendline resistance)

TP3 (Long-term): $18.50+ (Fibonacci extension or previous highs)

Stop-Loss:

Below $12.40 for tight risk

Below $11.00 for swing position

Risk Management:

Risk-to-Reward ratio of at least 1:2 is achievable.

Trail stop-loss as price climbs.

Trade here $INJ