INJUSDT trade ideas
INJ - Injecting An Impulse ๐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ INJ has been overall bullish , trading within the flat wedge pattern in red.
Currently, INJ is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support at $31.5.
๐น Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
๐ As per my trading style:
As #INJ approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
INJ/USDT SPOT LONG ENTRYINJ/USDT SPOT LONG ENTRY๐
Leverage: 1x
Entries: $35.71
Take profit 1: $37.48
Take profit 2: $41.05
Take profit 3: $50.93
Stop Loss: $33.19
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
#INJ/USDT#INJ
The price is moving in a downward channel on a 12-hour frame, about to break upward
The area in green is a very strong support area, from which the price rebounded at $31
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability moving average of 100
Entry price is 32.90
The first goal is 40
Second goal 46
Third goal 51
๐ฅINJ Is In A Massive Channel: Remember that AI BOOMโInjective is one of the AI-related altcoins which grew by +800% after the channel breakout.
Now the price consolidating in a channel and you can buy it close to the bottom and sell at the top of the channel. The main question is at what side the channel will be broken!
Additional question, if the price have enough power to grow by 700% as the continuation of the bull flag pattern?
๐ฅ will it repeat this time? everything depends on BTC, but it has a chance to do so.
likeโค๏ธ and follow
Check the links and get a BONUS from me๐
INJ/USDT Break Alert! Keep an eye on the support area.๐ INJ has recently undergone significant market dynamics, notably breaking the support trendline of the bearish flag pattern.
๐ This break may lead to a retesting phase, potentially driving the price downwards towards the support area around $25.3, reminiscent of the previous all-time high (ATH) level.
๐ For traders seeking a buying opportunity, waiting for the price to reach the support area or the weekly order block (OB) between $19.3 and $14.6 could be advantageous.
๐ These zones may act as strong support levels, potentially leading to a significant bounce in the price. Such a bounce could pave the way for a subsequent move towards the strong resistance area after another retest.
๐ However, if INJ fails to exhibit significant bullish momentum upon reaching the weekly OB and instead shows signs of consolidation with weakening volume, it could signal a bearish scenario.
๐A confirmed breakdown below the OB might indicate a shift in market sentiment towards bearishness, potentially resulting in a sustained downward movement.
INJ/USDT retesting key Support bullish ride| ๐๐INJ analysis๐ Paradisers, #INJUSDT pair, which is currently retracing and retesting a critical support level at $34.69. This level holds significant importance, and its ability to transition from a retest to a firm support could signal a potential bullish move.
๐ After successfully breaking out of a descending channel, $INJECTIVE is now poised to challenge the resistance at $41.46. A favorable retest followed by sustained strength at this level might pave the way for a bullish surge. The next target lies at an initial resistance of $47.26, with further aspirations to breach even higher barriers.
๐ However, should the price of #INJ dip below this pivotal zone, itโs crucial to adapt our strategy. We anticipate a bullish rebound from the secondary support level at $32.07. Failing to regain ground here could potentially lead to further declines. Stay vigilant and agile as we navigate market fluctuations.
INJUSDTorderbook scalp again
looks ready to send basically
big bids being moved up on inj and btc
eth sell wall removed
and theres a massive sell all the way up at 41 for inj
its saturday and the last day of the month so a late monthly sweep and reversal makes some sense to chop the market out...
very similar trade setup to solana yesterday
INJ ANALYSIS๐ฎ #INJ Analysis ๐ฐ๐ฐ
๐๐ As we can see that #INJ is trading in a Falling Channel Pattern in 1hr time frame. Currently #INJ is trading above its major support area. Broken out of falling channel could lead to a bullish rally๐๐
๐Current Price --- $37.96
๐ฏTarget Price -----$43.11
โ๏ธ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #INJ . ๐๐ธ
#INJย #Cryptocurrency #DYOR
๐ข INJ Trade Plan: Recovery Entry Strategy ๐๐๐ฏ Entry Point:
Consider entering the trade between $37.80 and $38.80, ensuring confirmation of support turnaround.
๐ฏ Take Profit:
Target profit at $44.50 or $52.00, aiming for significant resistance levels.
๐ Stop Loss:
Implement a stop loss at $34.00 to mitigate potential losses in case of a reversal.
๐๐ Note: Monitor price action closely for confirmation and adjust the strategy according to market dynamics. #INJ #TradingStrategy #RecoveryEntry ๐ข๐