TradeCityPro | INJUSDT Ready for a Big Move?👋 Welcome to TradeCityPro Channel!
Let’s dive in and analyze one of the popular crypto projects, INJ, which has a high likelihood of movement, and check our entry triggers together.
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
📊 Weekly Time Frame
On the weekly time frame, I see that the seventh period is stable, INJ, and compared to the majority of altcoins that have their own low price levels, it is in a better space and is engaged in its own supports!
After breaking the primary trend ceiling, namely 9.28, we experienced a sharp upward movement and formed a historical ceiling at $53, and after forming a distribution box and breaking the important floor of 16.20 and pulling back to it, we experienced a continued decline.
We have now reached support again, which was previously a very important resistance, and now, as a result, it is probably not lost, but the weekly candle is a very good and bearish candle! Don’t forget to save your profit, your strategy booklet, and your positions, otherwise, you will have made a 450% move without adding anything to your capital!
📉 Daily Time Frame
On the daily time frame, our trend is completely bearish as you can see, and the events are completely accompanied by the formation of a downward bottom and top, but we are likely to suffer for a while.
After getting rejected from 34.16 and forming a box between 20.16 and 25.93 and losing the bottom, it made a move and then while pulling back with low volume and the next conversion to red, it became an inverted Sharpe, we experienced a decline!
After breaking the daily trendline, which was also an important trendline, its trigger at 8.48 was broken, and we are currently engaged with the resistance at 10.47, and the next and most important trigger, so to speak, is after breaking 10.47, and you can even have a spot buy with this level!
🕓 4-Hour Timeframe
In the 4-hour time frame, we are also ranging between the box of 9.24 to 10.41, and practically, whichever side we break, we can say we can take its position and go along with it!
📈 For a long position, the trigger is completely clear, and after breaking 10.41, make sure to take a long position, and you can even open a position before this trigger breaks with the presence of momentum in lower time frames!
📉 For a short position, we have just formed the support at 9.24, and if we bounce from this support and hit a lower high, or better yet, get rejected before 10.41, we go for a short position and a break of 9.24!
✍️ Final Thoughts
Stay level headed, trade with precision, and let’s capitalize on the market’s top opportunities!
This is our analysis, not financial advice always do your own research.
What do you think? Share your ideas below and pass this along to friends! ❤️
