INJUSDTWhen the S&R will act as support we can see the continuation in the HH and HL structure. No shorts can be opened is this it true. Possible good for a scalp trade to the value zone for now if the buyers aren't stepping into the markets.
INJUSDT trade ideas
Weekly BreakoutINJ breaking out of the 10 week flag with plenty of room on RSI. Expecting a pit stop around $15 and then head towards $50 by August before a larger and longer correction.
INJ has well outperformed the market YTD off the bottom and has consolidated nicely, while many other alts rolled over. I think INJ is the current cycle market leader and is following a similar trajectory to LINK in 2019
INJ looks promising! ready ?INJ has been bullish and in a strong uptrend. Expecting this trend to continue and looking to print some $$$ along the way.
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as always trade safe and don't get rekt.
INJUSDT bounced well from daily supportThe price experienced a sudden drop but found the support at daily support zone DS1. The price bounced well from there providing an opportunity a long trade there. This level was already marked on the chart. In general the rule is to long the support and short the resistance. And from probability point of view the trades taken from this strategy always result in overall better winning rate (more winner trades than loser trades). This is indeed very true on the long side for a coin which is showing strength. And we talked about INJ being the strong one fro past few days. Such coins in such drop situations give the opportunity for easy money as bounces are really big on such big drops. I will long it again in case it comes back to that daily support.
INJUSDT doing well, likely to head to 7.85-7.84This one is our hero. Moving up and holding even in the event of adversity. Last trade we took a couple of days ago was a long trade and that worked out pretty well. The price went beyond weekly resistance WR1 which was our generous target for the last long trade. The price is currently facing resistance from daily resistance DR2. I think this one is planning to go beyond DR2. Specially when BTC bounces from the daily support, this one will also move towards the DR2 zone.
Inj promising for long at this pointInj long
Open : 7.741
Stop : 7.70
Tp: 8.16
It's not a financial advise
Always do your own search
INJ Long term analysis Injective Protocol (INJ) is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. It aims to provide a high-performance, secure, and decentralized trading environment for various digital assets, including cryptocurrencies, derivatives, and other financial instruments. Injective Protocol is designed to enable peer-to-peer trading without relying on traditional intermediaries.
Key features of Injective Protocol include:
Decentralization: Injective Protocol operates as a decentralized network, allowing users to trade directly with each other without intermediaries.
Scalability and Speed: The protocol utilizes layer-2 technology, specifically the Ethereum Virtual Machine (EVM) compatibility, to enhance scalability and transaction throughput.
Cross-chain Compatibility: Injective Protocol supports cross-chain trading, enabling users to trade assets from different blockchains without relying on centralized bridges.
Community Governance: Participants of the protocol can have a say in its governance through decentralized governance mechanisms, allowing for community-driven decision-making.
Derivatives Trading: Injective Protocol supports the trading of derivatives, including perpetual swaps and futures contracts, providing users with access to a wider range of financial products.
injThis is an arrow to get rid of scalp entries. Be careful. If it doesn't break, it will sell well.
injIn the last stage, for a mid-term entry, I look for an entry point almost in this range. Here you can buy three steps, you can buy one step and then come to the bottom of the channel and check again.
injWe will come daily time
We have the above liquidity, which can be of interest. If we draw a trend line from the beginning of the trend, there is a reaction to it and the price is now below it. This is a bit suspicious. Now, if we take it from the previous bottom, we get a range that It is possible to look for an entry point in this area. I think Midline can be a good channel
injIn the weekly time, higher ceilings and floors have been set. Currently, the green floor has not been set, so we can focus on the red area. Of course, these areas are still in demand and have not reached the saturation area.
inj#eng
The first important resistance range in the monthly time that can be imagined is in these two numbers. Considering the type of candle arrangement, if we check the last three candles, we will realize that it is looking for a correction in this area as well.
INJUSDT 4H MTIn the 4-hour time frame, we have reached an important area. Now it is necessary to decide whether the downtrend will break in the fourth collision, and the trend is expected to return.
INJUSDT at LTF support, may head up to 7.17We longed this one from LTF support to weekly resistance WR1 yesterday and it worked out well. The price is again close to the LTF support. I would expect the price to again bounce towards weekly resistance WR1. Therefore, a long is favorable from that support level. The conservative target of the trade should be 7.17 and a generous one 7.23-7.30.
