🚀 $INJ is showing a potential technical setup!
INJ is currently displaying a macro-level recovery attempt on the 1M timeframe following a prolonged consolidation phase.
📈 The Technical Setup:
• The Pattern: Macro Reversal / Harmonic Structure
• Short-term Target: 15.269
• Macro Objective: 28.439
• Market Structure: Reversal from range lows with potential upward continuation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 6.205 - 8.283
• Resistance: 11.799 - 15.269
• Breakout Level: 8.283
• Stop Loss / Invalidation: 6.205
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish recovery candles forming on the monthly timeframe
• Trend: Attempting macro trend reversal from major lows
⚠️ Invalidation:
A monthly candle close below the 6.205 support level would invalidate the bullish setup.
The macro structure indicates a potential recovery phase if key resistance and breakout levels are cleared successfully.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#İNJ #crypto #BinanceSquare #tradingview #TechnicalAnalysis
INJ is currently displaying a macro-level recovery attempt on the 1M timeframe following a prolonged consolidation phase.
📈 The Technical Setup:
• The Pattern: Macro Reversal / Harmonic Structure
• Short-term Target: 15.269
• Macro Objective: 28.439
• Market Structure: Reversal from range lows with potential upward continuation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 6.205 - 8.283
• Resistance: 11.799 - 15.269
• Breakout Level: 8.283
• Stop Loss / Invalidation: 6.205
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bullish recovery candles forming on the monthly timeframe
• Trend: Attempting macro trend reversal from major lows
⚠️ Invalidation:
A monthly candle close below the 6.205 support level would invalidate the bullish setup.
The macro structure indicates a potential recovery phase if key resistance and breakout levels are cleared successfully.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#İNJ #crypto #BinanceSquare #tradingview #TechnicalAnalysis
