INJUSDT at 4h resistance after boucing from weekly level, likelyThe price has hit the 4h resistance zone which was also the target of our long trade. The system says to short this level. I have already taken a short here towards 7.16 zone. That zone is LTF support and I expect the price to at least go down there from here.
INJUSDT
INJUSDTBINANCE:INJUSDT SHORT Idea
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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INJUSDT Short Setup Swing Trade 📊 ** Analysis by @LuciferCryptVIP **
MEXC:INJUSDT.P
** INJ/USDT Short Setup Analysis **
📉 ** Support and Liquidity Swap Levels: **
- Buy Zone: 5.022 - 3.845
- Strong Support: 3.845
📈 ** Resistance Levels: **
- Resistance 1: 7.661
- Resistance 2: 8.285
🎯 **P otential Targets: **
1. Target 1: 6.341
2. Target 2: 5.930
3. Target 3: 5.206
📌 **Current Price: 7.079**
📊 ** Technical Analysis: **
- INJ/USDT is currently trading near a pivotal resistance level at 7.661.
- The price has exhibited consolidation, suggesting an imminent price movement.
- Strong support at 3.845 is a key level to monitor for potential reversals or continuations.
- The target levels offer potential exit points for traders, with incremental downside potential.
- Effective risk management and stop-loss strategies are recommended.
📈 ** Trade Idea: **
- **Short Position Entry:** Consider entering a short position upon a confirmed breach below the strong support at 3.845.
- **Targets:** Take profits at 6.341, 5.930, and 5.206.
- **Stop-Loss:** Set a stop-loss above the resistance level at 8.285.
🚨 ** Risk Warning: ** Trading carries substantial risk and may not be suitable for all investors. Comprehensive understanding of risks and prudent risk management are essential.
This analysis is intended for educational purposes and is not financial advice. It is essential to conduct personal research before executing any trading decisions. Best of luck!
@LuciferCryptVIP 🌟
(Note: This analysis is not financial advice. Please conduct your own research before making trading decisions.)
INJUSDTBINANCE:INJUSDT Short idea
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
Injective looks ready for bullish move🔥 🚀INJ Today Analysis💎INJUSDT is gearing up for an impressive bullish surge. Currently, it's trading within a falling wedge and is on the brink of an upward breakout.
💎Another noteworthy point is that INJUSDT is following the 1-5 Elliot Wave pattern, which could further reinforce its upward trajectory.
💎Moreover, the RSI is also signaling an upward trend, providing a strong indication of potential bullish momentum.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journe
INJ buy opportunity around ~$7.4-7.5Hello Traders,
As you see on the chart, INJ has been one of the best tokens in terms of ROI since January 2023.
It's still on the uptrend channel and if it corrects, it will be a best buy opportunity around 0.5 Fib level which is ~$7.3. The 0.5 Fib level has been a reversal point since January.
If you agree, please hit the boost button and follow me for more ideas.
Thanks
INJUSDT to bounce from daily supportThe last long did not work out. We had a bit bounce from the 4h support but it was not substantial to fulfill our trade goals. However, the price has now come to the daily support. This zone is a pretty strong support zone and will provide support to the price and the price is likely to hold this level at least to allow the price to bounce good enough for a long trade. You can see on the chart that this level has held the price in past when the price hit this level several times and finally provided a good upward move. And therefore, I believe this is a good level to go long spot. The trade idea has been put on the chart but it can be adjusted as per the need. The idea is not to lose this opportunity due to just a spike on the
down side.
INJUSDT to head up towards 9.53The price has been rejected from 4h resistance 4HR1. The price has come back near the hourly support HS1 and now trading below it. From the price action, it seems the price is going to bounce here. This makes a long trade favorable here. The target of the trade should be 9.53.
WILL $INJ REACH $6 AGAIN BEFORE BULL RUN OR CONTINUE TO RALLY?CRYPTOCAP:INJ has made an explosive run upwards since the buy setup executed by $5.40 in the previous analysis on $INJ.
Begs the question, will CRYPTOCAP:INJ reach $6 again? I think price will reach $6 again. Below are the confluences for my Bearish stance
- Price is currently in a Weekly Rejection Block
- Sell Side Liquidity has been taken on the Weekly and Daily timeframes that was at $9.58
- Retail Market Sentiment is bullish as we can see major news articles are writing about the bull market coming which is always great for an institutional trader as there is retail liquidity to raid.
- Price is also in a Daily Bearish Order Block that has not been violated as yet.
- There is a Fair Value Gap by $8.50 as well as another Fair Value Gap by $6.50 which the algorithm will most likely be targeting to close before another big rally.
- There is Buy side Liquidity (retail buy stoploss) by $7.75 which is very attractive.
We are currently in Q3 and I project that prices within the Crypto market will make their lows within this quarter in August-September before a Bullish rally begins again.
N.B: If you enjoy and learn from detailed analysis like this one, do well to follow, like and share this analysis to your fellow traders.
Happy Trading Pals
INJUSDT to come to down to 4h support for a bounce to 9.65For this one a long entry would be 4h support zone which is sitting around 8.68-8.73. The price has rallied close to 9.93 and then retraced back. It is currently trading above the 4h support 4HS1. But I expect it to hit that support and then bounce from there. A long trade will be favorable from that 4HS1 support zone towards the resistance zone 4HR1. The target of this trade should be 9.65.