INJ Injective Levels & Lines to Keep An Eye On

2 nov 2023

It's funny, i sometimes get some flack for the simplicity (and admittedly ugliness) of my charts. But the truth is, the KISS mentality works especially well in crypto, and with sensible reason behind it. If a trend or support/resistance level is clear to you as a human, you can be sure there are tons of bots playing off it as well.

Anyways, INJ has had an amazing run up in the past couple months, and many people who are long or holding should REALLY be thinking about getting out, or at least tasking some profit.

Look at it's all time MARKET CAP, not price. imgur.com/a/mHe2137 Also compare its current market cap to other metrics like FDV and TVL, and you'll see we need a pullback soon. But when?

Hopefully this chart can help you make that decision by following along as price plays out.

The Yellow lines are the big picture fib retrace. Will post a zoomed out view in the comments below

2 nov 2023

Nota