INJUSDT trade ideas
Longer the Base, Higher in SpaceINJ forming a nice base above prior ATHs. Tightening up with volume declining. Getting very quiet on the right side of this base, which is exactly what the bulls want to see.
Similar to SEI, think that has the potential for a fifth wave, "blow off the top" kind of move.
WILL INJECTIVE RETEST KEY SUPPORT?As you know from reading this newsletter, Injective was a leader in the altcoin rally, making a fresh new all time high before any other major coin. This is one of my largest holdings, still, even after selling some over the past few weeks. It has never come back down to test the previous all time high as support, at $25.31. I have NO IDEA if it is going to make it back down, or if support will hold if it does… but that is an area that I have bids to add a bit more to my position. A retest of a previous all time high as support is a great technical entry.
INJ will have a drop aheadinj has momentum weakness and has recently accumulated two cash pools and has a high chance of dropping.
A liquidity pool can be seen at the bottom of the chart, and below this liquidity pool is the LSH (long shadow) range, which is a good indicator.
I specified the targets on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
INJ - shorting it carefullyHi guys, hope you are doing fine. Im shorting INJ from 40$ now. Im in profit and I belive we will visit 30$ soon. This is the only coin in the market that made 2000% this year. Its crazy needs to be corrected. Of course we need to be careful here because it still can be very manipulated and go to 60$. Anyway Im in short with profit as mentioned before. Waiting for BTC more dump and I will be closing my positions. Regards!
INJECTIVE|The beginning of the BEARISH trend?Hello guys, I hope you are doing well. Have you seen Bitcoin? I hope you have used it.
Let's check the ING currency, the four-hour time is inside a trending range, it has tried several times to stabilize higher ceilings, but was unsuccessful, now it has fallen again when it reaches the four-hour supply area and has entered the form of a descending channel.
It is registering lower highs and lower lows, on the other hand, Bitcoin has fallen, which is not without effect.
Currently, the four-hour demand area has stopped ING from falling, if this area is broken down, the selling pressure will increase and it can easily fall to the $29 and $19 targets.
Pay attention to the demand area (32.20-33.80), by breaking this area, look for selling positions.
$INJUSDT: New highs can trigger a weekly trend signalWatch out for this one, together with Celestia, Injective is seen as a viable candidate for farming airdrops while staking at certain validators...
Relative strength has been insane since the market bottomed, even before it was clear the long term bull market in crypto was on-going, this has been trending up and beating Bitcoin's performance since.
Best of luck!
Cheers,
Ivan Labrie.
INJ preps explosionINJ is having another possible 40 day consolidation phase before blast off round 2 here. I expect this to play out for the most part with an upside that is very hard to predict since we are in price discovery. I am hoping we break at least 56-60$ on this next leg up but the consolidation could take longer. Given that the sp500 seems to not care about how messed up our economy is we just might see these predictions early Q2 maybe even late Q1.
INJ GOT STUCK Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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INJ GOT STUCK! 📚
👉As we can see price got stuck inside this rangy market, where the price made clean Equal highs and lows as well.
👉Then as per my trading plan, i will be waiting for the price to be approaching our lower bound of this range lining up with a strong round number, where we will be looking for new bullish movement from a short-term perspective.
👉Unless price managed to trade again higher to be approaching our upper bound of this range lining up with our previous major highs, where we will be looking for new bearish movements from a shorter-term perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
$INJ: Injective, I love youInjective is my favorite project for 2024, performing well, really well, and having beautiful chart.
Currently in is on an accumulation range, after a big race in few months (from $3 to $46)... so let it rest a bit but I will for sure load and add in my long-term portfolio
$INJ Injective Protocol Consolidation before Continuation?I am closely eyeing Injective here within this macro range of consolidation.
- It is holding the downward diagonal
- It is respecting the range eq
- Demand below in green (which we may or may not re-visit)
- want to see the range eq either hold immediately or be reclaimed, will evaluate over coming day(s)
Criteria for me will be to hold/reclaim that eq and the ema.
Will update later.
Cheers