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Injusdtperp

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
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 to bounce from daily supportThe last long did not work out. We had a bit bounce from the 4h support but it was not substantial to fulfill our trade goals. However, the price has now come to the daily support. This zone is a pretty strong support zone and will provide support to the price and the price is likely to hold this level at least to allow the price to bounce good enough for a long trade. You can see on the chart that this level has held the price in past when the price hit this level several times and finally provided a good upward move. And therefore, I believe this is a good level to go long spot. The trade idea has been put on the chart but it can be adjusted as per the need. The idea is not to lose this opportunity due to just a spike on the down side.
Long
by angela_altair
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 at LTF support, may aim again for weekly resistance#INJ #INJUSDT CRYPTOCAP:INJ T he price has been consolidating all day all night under the weekly resistance. The price found support at LTF support and ranging between weekly resistance WR1 and LTF support LTFS. The price is once again close to LTFS and I expect it to aim again towards WR1. Usually such consolidation under resistance is bullish so it may be successful 8n breaking that resistnace in subsequent attempts. But lets have our aim as WR1 and we can take the long further depending on the price action.
Long
by angela_altair