INJUSDT trade ideas
TradeCityPro | INJ: Navigating the Waves of the DeFi Landscape๐ 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.
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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.
๐ 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.
๐ 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.
๐ฝ 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.
๐งฉ Additionally, the RSI is boxed between 38.77 and 63.27, and breaking either boundary could significantly influence market momentum in that direction.
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Daily Timeframe: More Details
In the daily timeframe, we can see more details of the range box formed.
โจ 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.
๐ 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.
โก๏ธ 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.
๐ 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.
๐ 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.
โณ 4-Hour Timeframe: Futures Triggers
Let's dive into the short-term triggers suitable for futures trading.
๐ฒ 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.
๐ 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.
๐ฝ 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.
๐งฒ As mentioned, the trading volume remains range-bound. Upon breaking any trigger level, the volume should increase in the direction of the breakout.
๐ Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and donโt forget to share this analysis with your friends! โค๏ธ
inj long midterm"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
inj sell limit"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
"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.
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#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.
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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 .
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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 |
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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.
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5. Risk Management
- Entry Precision:
- Set limit orders near $17.30โ$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 $17.30โ$18.30 zone and breaks the EMAs, the likelihood of a bullish breakout increases significantly.
INJUSDT - Matter of time!3D chart displays a consolidation of symmetrical triangle pattern.
The triangle pattern is one of the most renowned formations, known for triggering significant price breakouts once itโs breached.
Any short-term pullback is a chance to accumulate, and as soon as the pattern is broken, the price could reach 120 USD.
Best regards Ceciliones๐ฏ
inj midterm 30m"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
Price Pullback and Potential Uptrend INJ In this analysis, I predict that the price will pull back to the shaded area, which is a strong support zone, and undergo a period of consolidation there. Since this support zone has acted as a demand area in the past, I believe the price can hold at this level.
I expect some sideways movement at the support level, which could indicate a recovery and accumulation phase for the market. Following this, I anticipate that the price will break out upward from this area and enter a strong uptrend. I've marked the target for this move as the resistance level around 45.59.
Of course, if there isnโt enough buyer demand at the support zone, thereโs a risk that the price could break downward. For this reason, I think itโs important to closely monitor the price action and breakout signals at the support level. Nonetheless, in this scenario, I assess that there is a strong potential for a long-term upward movement.
#INJ/USDT Ready to go higher#INJ
The price is moving in a descending channel on the 30-minute frame and is sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 20.80
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 21.31
First target 21.82
Second target 22.54
Third target 23.45
INJ's Incoming movement!BINANCE:INJUSDT
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The INJ currency has managed to break the top of its trading range on the four-hour timeframe after breaking the short-term downtrend line ๐
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Currently, with a pullback to the range of 23.8 to 24.5 (by observing the entry trigger), you can enter for the following targets:
28.5, 30.80, 35.24
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The structure of the INJ currency is currently bullish and is at the beginning of its 3rd bullish wave ๐
โ ๏ธ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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Letโs navigate the markets togetherโjoin the journey today! ๐นโจ
INJ BULLISH MOVE IS COMINGINJUSDT has swept previous lower side liquidity areas and created a bullish valid low. As I have marked on the chart. After creating that low marked did MSS which gave us a bullish structure identification. In this bullish move price didnt respect the bearish order block and break through it and now it is acting as bullish breaker block which could be our entry zone after combining FVG. lets go....
INJ - Breakout and follow-through, ready to challenge $35BINANCE:INJUSDT on the move this weekend, with a breakout above key resistance and going through the accumulation zone.
MACD and RSI Indicators bullishly aligned and reset low enough to see a retest of 35 as a first target.
Bouncing off the recent double bottom within the accumulation zone and breaking through a recent bull flag resistance, it still presents a favourable R-R opportunity in any pullback.
I expect dips will be bought.
injusdt buy"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"