INJ - Bullish Momentum Persists πŸ“ˆ

KUCOIN:INJUSDT   Injective / Tether
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“ˆ INJ has been overall bullish, trading above the red trendline.

Currently, INJ is hovering around the trendline acting as a non-horizontal support.

Moreover, the 30.0 marked in green is a strong support zone.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and red trendline.

πŸ“š As per my trading style:
As #INJ is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

πŸ“ˆ In parallel, for the bulls to take over medium-term and start the next impulse movement that will lead to the 50.0 round number, a break above the last major high in red at 40.0 is needed.

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL

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