there is 3 reasons I see to short INJ:
1. 0.61 fibonacci pushed back the price 2 times forming a double top pattern
2. Bearish divergence in the weekly chart
3. Reversal candle on the monthly chart confirms the dump
we expect the price to reach the target in about 5-7 weeks
Target: 3.7 (+54%)
SL: closing above 9 (-15%)
manage your risk, good luck everyone
1. 0.61 fibonacci pushed back the price 2 times forming a double top pattern
2. Bearish divergence in the weekly chart
3. Reversal candle on the monthly chart confirms the dump
we expect the price to reach the target in about 5-7 weeks
Target: 3.7 (+54%)
SL: closing above 9 (-15%)
manage your risk, good luck everyone
Trade active
already droped by 15% đź’Ąđź’Ąđź’Ą
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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.