Injective 10923Looking like it is going to breakdown. Still one of the best performers but I still think you get a better price
INJUPUSDT trade ideas
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.
injI expect a correction towards the box and green lines, in order to reach the red lines. We can see a resistance in the red lines.
INJUSDT LONG IDEAINJUSD That trend line has broken its channel and has shown a trigger after pullback.
entry:7.503
tp1:7.678
tp2:7.878
tp3:8.048
tp4:8.98
sl:7.18
INJ CAN PUMP AGAINThe INJ symbol can climb up to the red box or even beyond. The low risk entry range is the green box. The market seems to be still bullish.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
INJUSDT at 4h support, likely to head to 7.60-7.69Here is a long idea for INJUSDT. The price has hit 4h support 4HS1. I think the price should bounce here and aim for the 4h resistance 4HR1. Therefore, a long is favorable from this level. In case the price loses the support, the trade idea is invalidated. The target of the trade should be around 7.6-7.69.
INJ symmetrical structure target 14.312h time frame
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INJ is creating a potential symmetrical structure, which is corresponded to left wave from 14.9~1.18(12th Nov 21" ~ 1st Jul 22"). Secondly, INJ got support at 0.5 and 0.382 Fibonacci Projection(depend on different waves). Moreover, higher high trend is making for a while and it's clear to set SL for opening long.
TP: 14.3
SL: 6.238
Inj going to sweep draw on liquidityInj took BSL and ssl in internal range and found great support at the .702/.786 and fully filled the daily Fvg…. Draw on liquidity sweep before 5 waves down in my opinion…
Resistance Ahead | Short BiasChart 4H TF
Injective is moving up to $8 that is resistance zone by Fib Clusters and Seller's Base Camp
If INJ fail at least twice, I think this is chance to short and expect INJ will down to $7.5
Wait for next move
INJUSDTThis currency has a good chart for buying transactions
Both based on Elliott and Ichimoku wave counting
INJUSD ❕ bearish takeoverThe asset broke down 50EMA (4H TF)
On the 4H Timeframe, the price chart has formed a bearish takeover.
I believe INJ will continue to decline after fixing under the support level.
INJ Is Start The Engine. And We Ready To FlyShort Fundamental Analysis of Injective (INJ)
Injective is a decentralized exchange (DEX) that enables cross-chain margin trading and derivatives trading. It is built on the Cosmos SDK and uses a Tendermint consensus mechanism.
Injective has a number of advantages over other DEXs. First, it is very fast and scalable, with the ability to process thousands of transactions per second. Second, it is very secure, with a number of features designed to prevent fraud and hacking. Third, it is very user-friendly, with a simple and intuitive interface.
Injective has a number of partnerships with leading companies in the cryptocurrency industry. For example, Injective has partnered with Binance Labs, Coinbase Ventures, and Alameda Research.
Recent News on Injective (INJ)
On September 26, 2023, Injective announced that it had integrated with the MetaMask wallet. This integration will allow Injective users to interact with the Injective DEX directly from their MetaMask wallets.
On September 22, 2023, Injective announced that it had launched a new decentralized perpetual contract trading platform. This platform will allow users to trade perpetual contracts on a variety of assets, including cryptocurrencies, stocks, and commodities.
Disclaimer
Cryptocurrencies are volatile assets and prices can fluctuate wildly. It is important to do your own research before investing in any cryptocurrency.
Disclaimer
However, I am not a financial advisor and I cannot provide financial advice. The information I have provided about Injective (INJ) is for informational purposes only and should not be construed as financial advice.
Buying $INJMy previous idea: was invalidated hence am closing the position at small loss
Looking to recover with simple 2R setup
If volume favours us, we might hit a new High in CRYPTOCAP:INJ
The possibility of falling to the bottom of the channel for ENJIn the daily time, this currency is in a sideways trend, but in the 4-hour time, it is in a falling trend.
An important range for the support of this currency is the neck line, and if this range is broken, there is a possibility of falling to the bottom of the trends.
In the best case, this currency will grow up to the previous peak and after that there is a possibility of falling, although it is too early to say this.
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INJ Ready For a Pump?INJ is one of the crypto projects that bounce the hardest when most tokens appear to have found their bottom. We will do a macro outlook on this shortly.
Current Trading Plan
Long entry from current level with a stop loss invalidation area around 5%
Target 1 will be a measured move that aligns with a 50% retrace of its last swing for approximately 13% to the upside
Target 2 will be the 78.6 retrace level just below out last highs approximately 30% higher
INJ SWING SHORTentry 7.4-7.66
stop loss - 4h close above 7.97
Reason being, i expect top performers of the first and 2nd quarters to sell off harder than the majority of crypto, i like the structure here and the r:r is amazing.
follow for more updates/trades!
Still bearish on $INJThis is one of the most overbought crypto
We already have MSS on HTF
Hence am expecting a slow dip
INJUSDT at 4h support, likely to head up to 7.40-7.44Here is a long trade idea for this pair. The price has come to 4h support and a bounce is likely. I think this level will provide the needed support and price will make a reversal here at least to make this long idea favorable. The target of this long trade is 4h resistance zone 4HR1. This resistance zone is sitting around 7.40-7.44 area.
INJUSDT 21/09 MovePair : INJUSDT ( Inj / Tether )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Short Time Frame , In STF it has breakout the Lower Trend Line but didn't Completed Retracement. It has Completed " 1234 "Impulsive Wave if Rejects with Strong Bullish Price Action then Long
INJ pulling back to entry zonesINJ price pulling back.
Watching for reaction at 0.5 fib or worst case 618 fib. Losing this will show weakness and could possibly indicate time to short.
