📈 Purchase of Injective
Ticker: INJ
💡Entrance price: $22.7
🦌 Stop loss: $19.92(-11.39%)
🎯 Goals: $29.8$36.9$40.9$
Risk profit: up to 6.5 to 1
The coin entered a medium-term upward trend, which successfully kept the price from falling below the entire 2023-2024 year. At the same time, unloading overbought indicators.
Locally, the bullish Wedge pattern is finishing forming, which is confirmed by bullish divergence.
The price has been trading below the long-term moving averages for more than a month, but no dynamics are visible to continue the fall.
We buy exclusively with a stop, since the coin is objectively very expensive and cannot fall below the trend.
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