What Is Injective Protocol (INJ) ?
The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The...
Fear not the retracement.
Holding above the 38.2% level (ideally at 14.1$) then the pattern still stands.
The 17$-ish target might be a bit conservative to some but if you want to (T1 - 18$) and (T2 - 22.5$), you do you.
The selling pressure on INJ is quite strong and what we can do is to watch how the price will react at the 11$ zone.
If there is a buying force to help INJ rebounding, we will buy it for 14$ target or even higher targets like as 17$ or 23$ zones.
But if the worse case happens when INJ loses the 11$ zone, it will come back to 7$ zone, this is really a good buy zone...
INJ alt coin is a in a good shape to aim for its ATH and the buyers showing some green candles in proof of their existence
this idea has the confirmation of advanced price action
in chart we decided to plot some of the minor trend lines which breaked frequently (which means the bulls are stronger at the moment)
The price is testing daily resistance. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.