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INJUSDT

INJUSDT short ideaThe price has broken down the daily support and moved downward. The daily support acted as a support for a while and provided a couple of bounces with the second bounce being smaller than the current one. This was an early sign for the breakdown but we were not observant enough to notice that. However, both were good for quick long trade although not upto the target. Now since, it has broken the daily support, I expect it to head towards the next daily support which is marked at DS1 around 6.96-7.15. The price still has chance to come back up to the broken daily support level but I consider it as a gone case if 4h candle already closes below as that reduces the probability drastically of the price claiming the support back. Therefore, I think from probabbility perspective, the price is likely to visit DS1 daily support insinuating short trades being favorable on bounces. This is a short trade idea. The price has broken is likely to retrace down to daily support DS1. The price still may bounce towards 4h resistance and allows to add some size there.
Short
by angela_altair
2
INJUSDTBINANCE:INJUSDT SHORT Idea ⚠️Note: In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined. If you are interested in entering these signals, please provide a stop loss and a logical market-based target. ⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR" Don't forget to like and comment
Short
by Madoir
INJUSDT Short Setup Swing Trade 📊 ** Analysis by @LuciferCryptVIP ** MEXC:INJUSDT.P ** INJ/USDT Short Setup Analysis ** 📉 ** Support and Liquidity Swap Levels: ** - Buy Zone: 5.022 - 3.845 - Strong Support: 3.845 📈 ** Resistance Levels: ** - Resistance 1: 7.661 - Resistance 2: 8.285 🎯 **P otential Targets: ** 1. Target 1: 6.341 2. Target 2: 5.930 3. Target 3: 5.206 📌 **Current Price: 7.079** 📊 ** Technical Analysis: ** - INJ/USDT is currently trading near a pivotal resistance level at 7.661. - The price has exhibited consolidation, suggesting an imminent price movement. - Strong support at 3.845 is a key level to monitor for potential reversals or continuations. - The target levels offer potential exit points for traders, with incremental downside potential. - Effective risk management and stop-loss strategies are recommended. 📈 ** Trade Idea: ** - **Short Position Entry:** Consider entering a short position upon a confirmed breach below the strong support at 3.845. - **Targets:** Take profits at 6.341, 5.930, and 5.206. - **Stop-Loss:** Set a stop-loss above the resistance level at 8.285. 🚨 ** Risk Warning: ** Trading carries substantial risk and may not be suitable for all investors. Comprehensive understanding of risks and prudent risk management are essential. This analysis is intended for educational purposes and is not financial advice. It is essential to conduct personal research before executing any trading decisions. Best of luck! @LuciferCryptVIP 🌟 (Note: This analysis is not financial advice. Please conduct your own research before making trading decisions.)
Short
by NebrasChart
INJUSDTBINANCE:INJUSDT Short idea ⚠️Note: In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined. If you are interested in entering these signals, please provide a stop loss and a logical market-based target. ⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR" Don't forget to like and comment
Short
by Madoir
2