INJUSDT| Price Action Pennant| Swing High| 200 MA| Bull Trend

Evening Traders,

Today’s analysis – INJUSDT- trading in an equilibrium where a bull break is probable,

Points to consider,
- Price action impulsive
- .50 Fibonacci S/R
- Swing High Objective
- 200 MA Dynamic S/R

INJUSDT’s immediate price action is impulsive trading in an equilibrium where a break bullish is probable is the prevailing trend is of consecutive higher lows.

The .50 Fibonacci S/R is considered support, holding this level is critical for continued momentum.

The swing high Is immediate objective, exceeding this level will lead to a bull trend continuation, it is important that price action must hold the 200 MA.

Overall, in my opinion, INJUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

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And remember,

“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee