Technical analysis by Ryn8111 about Symbol INJ: Buy recommendation (6/16/2025)

Trade Direction:Injective Spot LongRisk Management:- Spot Position 1% total spot portfolio.- SL will be executed only when a daily / 3day close below that level.Reason for Entry:- 50% retracement off daily leg completed- EQLs swept and reclaimed- Daily CHoCH/MSB with retrace- Injective oversold daily with likely daily bullish divergence forming- Multiple fair value gaps tapped: daily, 3-day, weekly — strong support confluenceAdditional Notes:- Plan to layer bids in and slowly dca in even if that means higher up- If this low is confirmed as a protected level, stop to be moved tighter as trade progresses- Daily time frame change of control favours bulls, supporting long biasOnly coin I'm interested in at these levels. Begun building a spot position here.Additional fills have been executed. Layered bids all the way down to 10.23 if market gives.