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INJUSDT trade ideas

TradeCityPro | INJ: Navigating the Waves of the DeFi Landscape👋 Welcome to TradeCityPro! In this analysis, I'm going to review the coin INJ, which belongs to the Injective project, one of the intriguing networks in the DeFi sector. This coin has seen significant growth in recent years. 📅 Weekly Timeframe: Reaccumulation Box? In the weekly timeframe, we observe a very strong and powerful upward trend full of bullish momentum that started from 1.2, even breaking the ATH to establish a new ceiling at 41.81. 🔍 Currently, after reaching 41.81, the price has pulled back to the support at 16.18 and formed a box between these two areas. The support at 16.18 overlaps with the 0.236 Fibonacci area, and we can also see an ascending trend line that coincides with this level, forming a PRZ that has so far supported the price. 🚀 If the resistance at 41.81 is broken, we can say that the long-term range box was a Reaccumulation phase, and the price could move towards targets of 135 and 494. However, it's important to note that this coin's market cap is currently $2.15 billion, and reaching a target of $494 would require it to enter the top ten coins by market cap, which might be challenging. 🔽 In case of further price corrections, there are solid supports available. If 16.18 breaks, the next Fibonacci support at 0.382 is around $10, and another substantial support is at $5.8. 🧩 Additionally, the RSI is boxed between 38.77 and 63.27, and breaking either boundary could significantly influence market momentum in that direction. 📅 Daily Timeframe: More Details In the daily timeframe, we can see more details of the range box formed. ✨ The price is currently near the weekly trend line and has reacted to this area in this timeframe as well. The first resistance is at 26.75, and breaking this area could be a trigger for entering a long position or buying in spot. A break of 58.26 in the RSI would be a good confirmation. 🛒 The next buying trigger is at 34.76, which is more secure, and simultaneously breaking significant resistances in the TOTAL could drive the price towards higher targets. ⚡️ The most important resistance is at 45.32, and I suggest maintaining a long position before the price reaches this area as there is a high chance of a euphoric break. However, this area is a strong supply zone and could potentially push the price back down to the range box's floor. 📉 For short positions, we should first wait for the trend line to break. In this case, the first trigger is a break at 19.44, and the main trigger is breaking the support at 16.04. 📊 Regarding volume, I cannot provide much insight as both the market and volume are ranging, and specific data cannot be derived. However, it's evident that if volume increases in any direction, market momentum will likely follow. ⏳ 4-Hour Timeframe: Futures Triggers Let's dive into the short-term triggers suitable for futures trading. 🎲 Given that the market has been range-bound in the weekly timeframe for a prolonged period, it has lost momentum. In this timeframe as well, the price remains confined within a range box. 📈 Long Position: You can enter a long position if the price breaks above 25.43. The target for this position would be 34.76. This is a solid trigger and, if aligned with Bitcoin's movements, could introduce bullish momentum into the market. 🔽 Short Position: For shorting, the only current trigger is at 18.82.The RSI oscillator and the SMA indicator cannot be relied upon for confirmation in this scenario, as the market lacks any trend or momentum. 🧲 As mentioned, the trading volume remains range-bound. Upon breaking any trigger level, the volume should increase in the direction of the breakout. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
Alikze »» INJ | Bullish Diamond Pattern - 1D🔍 Technical analysis: Bullish Diamond Pattern on Daily Timeframe, Sideway Price Movement 📣 BINANCE:INJUSDT In the analysis presented in the 12-hour timeframe , it was noted that the INJ currency is moving in an ascending channel. 🟢 After reaching the $25 area, the price corrected, which extended to the green box area, and then in the green box area, with demand, the price advanced to the supply area. 🟢 Currently, in the daily timeframe, the price corrected with a zigzag correction to the Fibonacci 1.618 area after reaching the supply area and the ceiling of the ascending channel. 💎 After that, the price had a sideways movement and has now formed an ascending diamond pattern. 💎 Therefore, we expect the price to continue its growth again in accordance with the movement path to the supply area before the $35 area. 🔔It should also be noted that if the price breaks the Fibonacci 1.618 area, the bullish scenario will be invalid and must be reviewed and updated again. »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
inj midterm buy"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
INJ USDTI’ve spotted a potential long signal on the INJ chart, forming a classic head and shoulders pattern. This is a well-known reversal pattern, indicating that the trend may change direction. Entry can be considered after the neckline is broken and a confirmation candle closes above it. For better accuracy, combine this setup with proper risk management and additional analysis, such as monitoring Bitcoin’s price movement and market sentiment. If Bitcoin aligns with the bullish trend and its dominance decreases, it could provide further momentum for INJ, potentially allowing us to set higher targets. Always remember to evaluate volume during the breakout and ensure the pattern isn’t invalidated by fakeouts. Keep your stop-loss levels tight to minimize risk, and aim for realistic profit-taking levels while letting the market show its strength.” This version offers more details on how to trade this pattern effectively and includes actionable advice for managing risk. Let me know what you think! FEISAL BALOCH
Long
by Feisalbaloch
inj long midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle
inj sell limit"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
"INJ support at $17.30-$18.30, potential reversal to $27-$45." INJ/USDT Detailed Chart Analysis and Trade Plan This analysis aims to provide an in-depth view of the current market structure for INJ/USDT, highlighting a potential reversal zone and long-term upside targets. --- #1. Current Market Structure Analysis - Support Zone: $17.30 - $18.30 - This range aligns with a visible **Fair Value Gap (FVG)** and a potential **bullish order block** from historical price action. - INJ has consolidated around this zone, indicating a strong **buying interest** from previous liquidity sweeps. - Why is this important? - FVGs are areas where price has moved rapidly, often leaving inefficiencies that the market tends to revisit. Coupled with the order block, it strengthens the probability of reversal. - RSI Oversold Signal: - The **Relative Strength Index (RSI)** is at **38.49**, nearing oversold levels. Historically, bounces occur when RSI enters this zone, indicating that sellers may lose momentum. - EMA Levels (Resistance): - The **50 EMA ($23.62)** and **200 EMA ($23.52)** are acting as resistance. A breakout above these levels would likely confirm a stronger bullish reversal. --- 2. Reversal and Upside Targets - Take Profit Levels: - Target 1 (TP1): $27.30 - This corresponds to a prior liquidity zone where sell-side pressure emerged. Price may face resistance here before breaking higher. - Target 2 (TP2): $35.00 - This level aligns with a significant **swing high** and an untested order block, providing a more ambitious long-term target. -Target 3 (tp3) :45$-50$ for long term . --- 3. Key Levels and Trade Setup | **Zone** | **Price Range** | **Action** | |-----------------------|------------------|--------------------------| | **Support Zone** | $17.30 - $18.30 | Look for long entries | | **Stop Loss (SL)** | Below $16.80 | Risk management | | **Take Profit 1 (TP1)** | $27.30 | Partial exit | | **Take Profit 2 (TP2)** | $35.00 | Final exit | **Position Scaling** | Add $45-$50 near confirmation signals to build a stronger position | --- 4. Sentiment and Fundamental Factors - Injective Protocol's Key Strengths: - Known for **high-performance Layer 1 blockchain** optimized for DeFi and decentralized exchange (DEX) applications. - Recently, INJ has seen increased adoption with features like **decentralized perpetuals**, cross-chain bridging, and seamless liquidity. - Bullish Catalysts to Watch: - Ecosystem Growth: Partnerships or developments in **DeFi adoption** and higher trading volumes on Injective-based DEXs. - Protocol Upgrades: Any enhancements that improve the scalability, security, or interoperability of the platform. - Macro Market Trends: Bullish momentum in the broader crypto market could act as a tailwind for INJ. --- 5. Risk Management - Entry Precision: - Set limit orders near $17.30–$18.30 to capture entries at optimal levels. - Risk/Reward Ratio: - Assuming a stop loss at $16.80 and TPs at $27.30/$35.00, the -risk/reward ratio exceeds 3:1, offering a favorable trade setup. 6. Final Notes This trade is structured around the following: - Strong confluence of technical indicators. - Positive sentiment in the **DeFi space**. - Potential for a broader crypto market rally. If the price holds above the $17.30–$18.30 zone and breaks the EMAs, the likelihood of a bullish breakout increases significantly.
Long
by PROFITPULSE10X