INJUSD Kraken pair Double Top, bearish signs

Injective Protocol had a blast in the second half of the year 2023. It looks like BTC ETF hasn't such an impact and new money hasn't flowed into the market as expected.

INJ has a double top formed, and the daily candles trendline is being tested at the moment. If it breaks, a nice correction (which is healthy) for the price foreseen.

always happy to hear other opinions.

Comment:

TP1 touched. 48% of the position were closed.

Trade closed: stop reached:

decided to put stop loss @37.2 after 48% of the bag were sold to take profit at TP1.

The market is accumulating, going to spectate its expansion.