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INJUSDT

INJUSDT at daily support, likely to head to 8.i36It seems that the price is ranging between the daily support and 4h resistance 4HR1. Since the price is again at the daily support, it makes the long favorable from there towards 4h resistance 4HR1. Though there should be some resistance at the level 4HS1 as that had and would act as a resistance when the price would try to move to the upside. Lets take this long trade with a target of 8.36. By the way at the time of posting it, the price has already bounced from that daily support level. So will wait for a better entry and add size slowly.
Long
by angela_altair
INJUSDT may visit monthly support before reversalThe price is finding support currently at 4h support 4HS2. The bounce might move a bit up further up. However, the price action suggests that it is heading for the high time frame support monthly support MS1. The price reversed from weekly resistance and has retraced significantly since then. In such cases price usually tends to visit the large time frame supports (at least to the same time frame support as the resistance one from where it was rejected or one step lower like daily support in case of weekly resistance). And here we have a monthly support not far from the current price level. Therefore, it is possible that the price visits that level to gain the strength for next upward movement and target the weekly resistance again. What do you think about this possibility?
by angela_altair
Bullish on Injective - Injective's BoomInjective has been rallying for months and has defied the bear market, which has drained most other crypto assets. Due to its super bullish fundamentals, it has stolen the limelight and will probably continue to do so. Its uptrend has been very healthy so far, and we can see that through INJBTC. INJ has been doing very well relative to BTC, and both INJUSD and INJBTC look clean. What I mean is that technically they look solid, as they have had several corrections and consolidations. Therefore the current trend looks sustainable. The two key areas I think INJUSD is targeting next are 10.3$ and 14.5$. Those two areas have a lot of liquidity, given that triple/quadruple tops have formed there. I expect the market to hit those targets in the next few months. Taking profits in those zones makes sense only in the short term, simply to add more in case the market corrects once it gets there.
Long
by BitcoinMacro
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.
by angela_altair
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.
Long
by angela_altair
INJUSDT at LTF support, may aim again for weekly resistance#INJ #INJUSDT CRYPTOCAP:INJ T he price has been consolidating all day all night under the weekly resistance. The price found support at LTF support and ranging between weekly resistance WR1 and LTF support LTFS. The price is once again close to LTFS and I expect it to aim again towards WR1. Usually such consolidation under resistance is bullish so it may be successful 8n breaking that resistnace in subsequent attempts. But lets have our aim as WR1 and we can take the long further depending on the price action.
Long
by angela_altair