🚀 $INJ — We are anticipating a breakout of the bullish structure!
The price is currently inside a descending channel on the hourly frame, but it has reached the upper limit and seems to be preparing for a significant breakout…
If the channel is broken, we might be at the beginning of a strong upward wave.
🔍 What do we observe in the chart?
📌 Descending Channel (H1)
The price has reached the upper limit and is close to breaking it.
A retest of the limit is expected before the movement begins.
📈 RSI is trending upwards
The Relative Strength Index is approaching the peak, which indicates a potential brief downward retracement before continuing.
🟩 Strong support at 4.42
The price has bounced from this area several times, making it a very important point.
📌 Accumulation above MA100
The price is consolidating above the 100 moving average, which supports the possibility of a temporary drop towards this level before the breakout.
🎯 Trade Setup (full numbers)
🔹 Entry Price: 4.56
🔹 Target 1: 4.68
🔹 Target 2: 4.80
🔹 Target 3: 4.97
⛔ Stop Loss: above the support area (4.42)
✅ Trade here on $INJ
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