$INJ : Injective 📈🚨
1. Injective saw a strong breakdown as it was rejected from the yearly open. This led us to drift towards the range lows near $31.30, which quickly were lost as we broke down from $30. This led INJ to flush down to the previous range highs at $18.60.
2. It has a nice trendline sitting ahead of it coming from the local highs, which is also its all time high. It will be nice if it can breakout from there.
3. For a long position, look for INJ to break this trendline, this will help a slow move back up into the range we lost near $30. This chart is not easy here but if this works out, it will lead to another massive breakout. Acceptance above $30 will lead to the breakout we need to see in conjunction with this trendline. A breakout of $30 will be good to see $32.20 and $35.80.
4. For a short position, look for price to breakdown at $24.40, this will confirm a move towards the low of range. A breakdown of that will confirm price moving to $22.30 and $20.50
