๐ Trade Setup on $INJ - Injective Protocol: Neutral Descending Triangle ๐
๐ Market Sentiment: Neutral
๐ Pattern: Descending Triangle (Emerging)
๐ผ Trend: Neutral (Short-Term), Uptrend (Medium- and Long-Term)
๐ Momentum: Mixed (Bullish MACD, Neutral RSI
๐ Trade Analysis:
Pattern Recognition โ | Neutral Trend โ | Breakout Anticipation โ
๐ Targets:
๐ฏ Potential Breakout: Upside to $45
๐ Stop Loss:
Set a price alert for breakout confirmation
๐ Support & Resistance:
๐ช Support: $30, $20
๐ Resistance: $45
๐จ Trade Execution:
Traders may consider an entry upon breakout confirmation from the Descending Triangle, targeting potential gains to $45. Keep a watchful eye on the price action and exercise caution.
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