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Injusdtidea

INJUSDT heading to daily support at 7.10-7.13 before a bounceThe price is heading southward. The next support is the daily support DS1. This support is sitting around 7.10-7.13. It is likely that the price will hit this zone on this drop. There is a weekly support sitting below this daily support 6.91-7.03. There is a possibility that the price may hit that before a bounce but I think daily support will provide some bounce favoring a long trade. If it hits WS1, the bounce will be larger and a better long opportunity.
by angela_altair
INJUSDT a short and a long ideaHere is a pair of trade ideas for INJUSDT. One is a short and then a long trade. The price action suggests to trade only in the long direction on any pullback. However, a short here from the daily resistance is not a bad idea. But the size should be kept smaller to keep the risk lower given the momentum in the opposite direction. If the desired pullback is there expected in the short trade, the price shall find support at 4h support 4HS1 and that should make the price reverse its path and again move upward. This will create a conducive environment for a long trade opportunity again towards the daily resistance. Though the price may break the daily resistance on the next attempt with that long trade idea, but we will reassess it again and adjust the target once we are in that trade and the price is moving according to our expectation.
Long
by angela_altair
INJUSDT looking bullish for short termThe price hit the daily support and bounced from there. Missed this opportunity as I was out and could not monitor this opportunity. The ideal long would have been 4 hours ago where the price pulled back after the bounce from the daily support zone DS1. Anyways, the outlook for short term trades are looking to be favoring long side. Any pullback to 6.40-6.46 is for buy towards 4h resistance 4HR1 provided the price has not hit the 4HR1 zone before doing so. I think the price has a possibility to move beyond that resistance level but I will wait for a good entry. Till then lets wait.
Long
by angela_altair
INJUSDT at daily support, likely to head to 6.99-7.06Here is a long trade idea for INJUSDT. The price is currently trading around daily support. I think the price is likely to move towards the 4h resistance 4HR1 sitting around 6.99-7.06. It is also possible that the pullback from the push upward towards the daily resistance DR1 is almost over and we may see further move up beyond that resistance. But let us stick to this long trade and target 4HR1 zone as the target of this trade.
Long
by angela_altair
2
INJUSDT at daily support, long favorable as bounce is likelyHere is a long trade idea for INJUSDT. The price has hit the daily support. This support I believe will hold for a while at least and provide some bounce favoring a long trade. The price has currently bouncing from the top of the support zone. However, its possible that the price will tap further into that zone. I will allocate some size here and some later when the price dips into that zone deeper. There are two resistances on the way up which are relevant for this trade. One is hourly resistance HR1 and another one is 4h resistance 4HR1. I think hourly will resist the price but will give the way for the price to move up to the 4h resistance after a bit of struggle there. Therefore, some profit booking at that hourly resistance is recommended. And if everything goes as planned then the price should hit 4h resistance 4HR1 and in turn concluding our long trade idea. Lets see how it goes.
Long
by angela_altair
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