INJ significant move is loading - up tp 400%
Updated
Fibonacci Channel Analysis: As evidenced by the chart, the Fibonacci channel is performing effectively, suggesting INJ has the potential to reach approximately $131.
Market Observation: A significant move is anticipated; closely monitor its interaction with the EMA 200.
Initiating Trade: If a bullish trend is evident, consider initiating a long trade with a potential uptrend of 400% from $28 to $30, offering a risk-to-reward ratio of 1:15.
Profit-taking Strategy:
Secure 25% of your position at $66.
Further lock in 50% at $88.
Position Holding:
Maintain the balance of your trade with a target set at $131.
Flexibility
If a major correction is observed during the trade, it might be beneficial to increase your position.
Risk Management:
Do not exceed a risk of more than 2% of your capital in any trade.
The better you manage your risk, the less you'll lose
Market Observation: A significant move is anticipated; closely monitor its interaction with the EMA 200.
Initiating Trade: If a bullish trend is evident, consider initiating a long trade with a potential uptrend of 400% from $28 to $30, offering a risk-to-reward ratio of 1:15.
Profit-taking Strategy:
Secure 25% of your position at $66.
Further lock in 50% at $88.
Position Holding:
Maintain the balance of your trade with a target set at $131.
Flexibility
If a major correction is observed during the trade, it might be beneficial to increase your position.
Risk Management:
Do not exceed a risk of more than 2% of your capital in any trade.
The better you manage your risk, the less you'll lose
Order cancelled
Initiating Trade: NO there is no bullish trend is evident right now
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