INJBTC trade ideas
$INJ, On price discovery since volume started flowing in again..$INJ
On price discovery since volume started flowing in again..
Testing 13k where seems to find some resistance (confluence w/ Fib level..)
UCTS signalling bullishness across the board, so it may hit higher targets (~16k ?)
Only a moonbag on this trade from previous setup
#INJ
INJBTC - Long - Potential 14.69%INJBTC - Long - Potential 14.69%
Entry- 14487
TP1- 15020
TP2- 16662
SL- 13338
- BTC Volatile - Manage Trade
- RR - 1.85
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
Keep it simple! INJ trends upI often see too many traders focusing on fancy complicated indicators, highly theoretical charting patterns and methods that are just in the air for interpretation... Keep it simple guys, trends, supports and resistances. Price action is the core of what we really need, made a buy of INJ at 100k sats because it was trending up, and fell on support. Thats it!
Injective Protocol (INJ) After Strong Bullish ActionLet me start by saying that we don't ever, ever trade this type of chart... We only look at charts for trading that are very low risk and BEFORE the bullish action starts.
Here we have INJBTC (Injective Protocol) after really strong bullish action.
Right now resistance is being faced at the 1.618 Fib. Extension level marked with a red dashed-line.
Above this level, we can see additional up (green arrow).
Below this level, we can see a retrace before prices continue to grow.
This project looks really good.
Additional details on the chart (support and resistance levels mapped with Fibs.).
Remember to hit LIKE!
Namaste.
$INJ, Trying to break out from known range into price discovery.$INJ
Many alts pumping today...
Trying to break out from known range into price discovery..
UCTS 1D buy flashing as 12H is already 20%+
Volume not that strong so aiming for a flip at current level as entry could be safer // Fibs levels as potential levels to watch
#INJ
Expect The Breakout Soon❕Overall Pattern Is Descending Channel ,Expect The Breakout Soon ,High R/R
✅ Targets On The Chart
🔴 Stop loss zone : 7050 ~ 7000
INJBTC is trying to have a new breakout 🦐INJBTC is trying to have a new breakout from descending channel after a very nice bullrun.
The price bounced on 0.618 Fibonacci level.
IF the price will have a breakout and turn the resistance into support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
INJ / BTC potential next moveINJ / BTC
🌟analysis 🌟
This coin is Recently added to binance
According to fibonacci
next target is around 1.618 level
Best buy area ...If the price retest previous support zone in chart again
Good luck and happy trading 🌹
INJ/BTC (New Trendline Resistance)💎Technical Analysis Summary💎
BINANCE: INJBTC
-A new trendline resistance is found rejecting the price
-INJ is now pulling back to its previous swing support zone
-If we can see a bounce reaction, a chance to challenge the 5600s sat again
-But it will likely to form a triangle pattern
-The best option to enter this trade is to wait for the breakout direction
-Because you don't want to be caught in the wrong direction in this pattern
A big Thanks for donating 💰 via Tradingview coins this week to SattarKHAN 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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