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INJ / TetherUS

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INJUSDT trade ideas

INJUSDT at daily support, long favorable as bounce is likelyHere is a long trade idea for INJUSDT. The price has hit the daily support. This support I believe will hold for a while at least and provide some bounce favoring a long trade. The price has currently bouncing from the top of the support zone. However, its possible that the price will tap further into that zone. I will allocate some size here and some later when the price dips into that zone deeper. There are two resistances on the way up which are relevant for this trade. One is hourly resistance HR1 and another one is 4h resistance 4HR1. I think hourly will resist the price but will give the way for the price to move up to the 4h resistance after a bit of struggle there. Therefore, some profit booking at that hourly resistance is recommended. And if everything goes as planned then the price should hit 4h resistance 4HR1 and in turn concluding our long trade idea. Lets see how it goes.
Long
by angela_altair
SasanSeifi 💁‍♂️INJ👉1D🔻 6.50$ / 5.50$Hey there! In the daily timeframe, as you can see, the trend fluctuates within the price range of $5 and $10. ▫️ Currently, it's trading around the $7.20 price range. The expectation we can have is for the price to continue towards the price range of $6.50 and the support zone of $5.50 with a corrective trend. To better understand the continuation of the upward trend, it's important to observe how the price reacts to the support levels during this correction. Otherwise, if the price manages to break above the resistance level of $8 and establishes itself, we might witness further growth towards the $9 price range. For now, the trend appears to be corrective.📊 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️✨ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Short
by SasanSeifi
Brief Analysis ——INJToday we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are EOS and INJ. The performance of INJ in 2023 is impressive. It rose with fluctuation, almost staying above the green dotted line. The current price is gradually approaching the green dotted line. When most tokens fell last Thursday, the bulls of INJ strengthened, and the long green candle almost covered the previous decline. Although the price fell for several days afterwards, it did not cover the gains of the long green candle. Conclusion: Mostly fluctuation. INJ remains bullish on a large scale. There is not much difference between bulls and bears on a small scale. So we come to this conclusion. The green dotted line would provide bullish strength. We set resistance level at 8.2 and support level at 7.0. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool