#INJ/USDT #injectivehub $INJ โ๏ธ ๐ฉ X2-X3
#bullish setup
#LONG ย ๐
#PUMPโ +57%๐ธ ย โถ๏ธ ย @INVESTIDEAUA
โถ๏ธ Breakdown of the LONG structure
ON the graph 1W. โ๏ธ๐ฉ , ย growth to $55.160
ON 1D chart. โ๏ธ๐ฉ , ย growth to $55.160
โถ๏ธ ย FLAG, ย growth up to $71
๐ ย Correction is possible
1D โ๏ธ ๐ฅ $44,934 โ $30,066
๐ค Rationale:
๐ธTrade Volumes: Down -98.12% from 7-day high to approximately $1,112,303.18. The significant drop in trading volume of -98.12% from its 7-day high suggests a potential decline in trader interest or market momentum following the recent 35.9% rise in INJ prices.
๐ธ Capital flows: decreased from 14,866.40 INJ in the last 7 days to -34,862.60 INJ, indicating a downward trend. Significant capital outflows, as evidenced by negative net flows of -34,862.60 INJ over the past week, contrast with the upward trend in INJ prices, suggesting a potential divergence where price increases may not be supported by current capital flow patterns.
๐ฅ Elimination heat map:
โถ๏ธMagnetic Zone: A concentration of liquidation levels in a particular price range can indicate that price is likely to move towards that zone.
โถ๏ธSupport/Resistance Zone: In high liquidation zones, large traders or โwhalesโ can quickly execute trades at favorable prices. Once they enter or exit orders within this liquidity, the price can reverse.
๐Technical characteristics:
โถ๏ธ RSI: Neutral, in line with rising price trends, suggesting sustained bullish sentiment without immediate overbought concerns.