Still looking for further gains on INJ.
Chance for breakout in the next few hours.
Potential entry on Break/Retest but my thoughts are if this goes, it'll go quick.
Possible rejection and slow drift towards lower support but I don't think we will get the $5 entry we'd like.
Next few hours will be telling.
As always not financial advice,
Just my thoughts...
After a period that was in the range of $ 4, it approached the target of $ 7, and Lee, considering the specified range, I expect to cross this range in the next few hours, given the reports and the potential for growth in this area. The protocol is decentralized.
There is a good future ahead.
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INJ seems to oscillating in a flag pattern, and now want to breaks-up the flag and start rising.
wait for price breaks-up 5.1
TP1 = 7.1
TP2 = 8.1
TP3 = 9.1
SL = as your trade-system says
INJ has sustained an overall uptrend vs USDT.
Short term correction after initial price discovery.
Definitely BAG until 2x-3x ( $8 - $12 )
Let us wait & watch how INJ treats in Q1
Injective protocol has shown huge moves to the upside in December. It has currently pulled back around 28% from its high, and are now at strong horizontal/trendline support. Price is currently holding the 3.9 support level, and if it makes a higher high on the 4hour, we got ourselves a good entry!
When you enter the trade; Take some profit at the resistance...
![INJUSDT: [20%] INJ/USDT](https://s3.tradingview.com/s/s3UaOq9W_mid.png "[20%] INJ/USDT")
