Apollo_CB

INJ contraction into volatility

Long
BINANCE:INJUSDT   INJ / TetherUS
INJ is my largest holding still although it sometimes fights with RNDR. These candle formations show high levels of conviction, buyers and sellers want to stay close to current price action. Since we are in price discovery I got rid of the fib retracements and added a fib extension. A battle for the golden fib (45ish$) ensues. I wouldnt be surprised to see another candle like the one on dec. 18th. Regardless, INJ remains very bullish and still one of my top picks for 2024.

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.