INJ is still trading inside the descending channel, which means a confirmed bullish breakout has NOT happened yet.
Any long entry taken here would be counter-trend, lower probability, and comes with a weaker R:R until price breaks and holds above the channel resistance + key Fib levels.
For a safer bullish setup:
Wait for a clean breakout above the channel
Retest + confirmation
Reclaim of 0.382 / 0.5 Fib
Until then, trend remains bearish, and longs are considered high-risk.
#INJ #YodaXCalls #CryptoAnalysis #RiskManagement #INJUSDT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
