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Injusdtidea

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
INJUSDT at daily support, likely to head to 8.i36It seems that the price is ranging between the daily support and 4h resistance 4HR1. Since the price is again at the daily support, it makes the long favorable from there towards 4h resistance 4HR1. Though there should be some resistance at the level 4HS1 as that had and would act as a resistance when the price would try to move to the upside. Lets take this long trade with a target of 8.36. By the way at the time of posting it, the price has already bounced from that daily support level. So will wait for a better entry and add size slowly.
Long
by angela_altair
INJUSDT may visit monthly support before reversalThe price is finding support currently at 4h support 4HS2. The bounce might move a bit up further up. However, the price action suggests that it is heading for the high time frame support monthly support MS1. The price reversed from weekly resistance and has retraced significantly since then. In such cases price usually tends to visit the large time frame supports (at least to the same time frame support as the resistance one from where it was rejected or one step lower like daily support in case of weekly resistance). And here we have a monthly support not far from the current price level. Therefore, it is possible that the price visits that level to gain the strength for next upward movement and target the weekly resistance again. What do you think about this possibility?
by angela_altair
INJUSDT bounced well from daily supportThe price experienced a sudden drop but found the support at daily support zone DS1. The price bounced well from there providing an opportunity a long trade there. This level was already marked on the chart. In general the rule is to long the support and short the resistance. And from probability point of view the trades taken from this strategy always result in overall better winning rate (more winner trades than loser trades). This is indeed very true on the long side for a coin which is showing strength. And we talked about INJ being the strong one fro past few days. Such coins in such drop situations give the opportunity for easy money as bounces are really big on such big drops. I will long it again in case it comes back to that daily support.
by angela_altair
INJUSDT doing well, likely to head to 7.85-7.84This one is our hero. Moving up and holding even in the event of adversity. Last trade we took a couple of days ago was a long trade and that worked out pretty well. The price went beyond weekly resistance WR1 which was our generous target for the last long trade. The price is currently facing resistance from daily resistance DR2. I think this one is planning to go beyond DR2. Specially when BTC bounces from the daily support, this one will also move towards the DR2 zone.
Long
by angela_altair