Recently opened a short position on inj. It is surprisingly resilient given current market conditions with other alts losing support.
Inj is one of those alts on my watchlist for the week that i consider a high probability short according to my dtt setup as its quite high and at good levels to short yet so far tis been consolidating a bit.
I do think dump is coming though and it might break out of the consolidation more violently to catch up with rest of market.
Aiming for 10.665 but because the RR will be around 4 by time it returns to $11.1 I'll look to close out 60% of the position there.
Was able to get my stop around $12.589 at what I think is at good entry price around 12.286. Had entered a bit lower but close out position early and re-entered.
Time sensitive
Inj is one of those alts on my watchlist for the week that i consider a high probability short according to my dtt setup as its quite high and at good levels to short yet so far tis been consolidating a bit.
I do think dump is coming though and it might break out of the consolidation more violently to catch up with rest of market.
Aiming for 10.665 but because the RR will be around 4 by time it returns to $11.1 I'll look to close out 60% of the position there.
Was able to get my stop around $12.589 at what I think is at good entry price around 12.286. Had entered a bit lower but close out position early and re-entered.
Time sensitive
Note
had exited inj short around BE. Re-entered
Note
Closed inj short
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.