$INJ technical analysis + trade setup 📈🚨

Timeframe : 4H ⏰

Sentiment : Bullish 📈

A bullish pennant formation typically occurs after a strong upward price movement, followed by a consolidation phase. In the case of INJ, you would observe a symmetrical triangle pattern resembling a small flag, where the price consolidates within converging trendlines. The pennant is characterized by decreasing trading volumes during this consolidation.

Traders often anticipate a continuation of the previous uptrend when the price breaks out above the upper trendline of the pennant. This breakout is seen as a bullish signal, potentially leading to further upward movement in the INJ pair. However, it's essential to consider other technical indicators and market conditions for a comprehensive analysis before making trading decisions.

Trade setup: 💰

- Trade Type: Long 📈

- Leverage: Isolated 8.0X

Entry Orders:

✅ 40.2

**Take-Profit Orders:

🎯 41.25 - 10.0%

🎯 41.6 - 10.0%

🎯 42.2 - 10.0%

🎯 43.1 - 70.0%

**Stop-loss Orders:**

🚨 37.6

We post 2-6 daily trades with an average ROI of 70%. Proof on our profile 👉👉