๐Ÿ“‰ Trade Setup on $INJ - Injective Protocol: Neutral Descending Triangle ๐Ÿ”„

๐Ÿ“Š Market Sentiment: Neutral

๐Ÿ” Pattern: Descending Triangle (Emerging)

๐Ÿ’ผ Trend: Neutral (Short-Term), Uptrend (Medium- and Long-Term)

๐Ÿš€ Momentum: Mixed (Bullish MACD, Neutral RSI

๐Ÿ“‰ Trade Analysis:

Pattern Recognition โœ“ | Neutral Trend โœ“ | Breakout Anticipation โœ“

๐Ÿ“ˆ Targets:

๐ŸŽฏ Potential Breakout: Upside to $45

๐Ÿ›‘ Stop Loss:

Set a price alert for breakout confirmation

๐Ÿ“‰ Support & Resistance:

๐Ÿ’ช Support: $30, $20

๐Ÿš€ Resistance: $45

๐Ÿšจ 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.

#INJ #InjectiveProtocol #CryptoTrading #DescendingTriangle #TechnicalAnalysis ๐Ÿ”„๐Ÿ“ˆ