INJUSDT.P trade ideas
🔥INJ Is In A Massive Channel: Remember that AI BOOM❓Injective 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?
💥 will it repeat this time? everything depends on BTC, but it has a chance to do so.
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INJ/USDT Break Alert! Keep an eye on the support area.💎 INJ has recently undergone significant market dynamics, notably breaking the support trendline of the bearish flag pattern.
💎 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.
💎 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.
💎 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.
💎 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.
💎A 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| 👀🚀INJ analysis💎 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.
💎 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.
💎 However, should the price of #INJ dip below this pivotal zone, it’s 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 ANALYSIS🔮 #INJ Analysis 💰💰
🌟🚀 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 rally📈📈
🔖Current Price --- $37.96
🎯Target Price -----$43.11
⁉️ 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 . 🚀💸
#INJ #Cryptocurrency #DYOR
🟢 INJ Trade Plan: Recovery Entry Strategy 📈🚀🎯 Entry Point:
Consider entering the trade between $37.80 and $38.80, ensuring confirmation of support turnaround.
🎯 Take Profit:
Target profit at $44.50 or $52.00, aiming for significant resistance levels.
🛑 Stop Loss:
Implement a stop loss at $34.00 to mitigate potential losses in case of a reversal.
📉📈 Note: Monitor price action closely for confirmation and adjust the strategy according to market dynamics. #INJ #TradingStrategy #RecoveryEntry 🟢📊
INJ/USDT - A Quick Trade#INJ/USDT #Analysis
Description
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+ Price is at the current support level and i could see price retracing back to it's bullish trend
+ I'm expecting price to hit the its resistance level
+ I see a good long trade opportunity, i'm entering with 1% Risk
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VectorAlgo Trade Details
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Entry Price: 38.0
Stop Loss: 33.9
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Target 1: 41.8
Target 2: 46.0
Target 3: 52.1
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Timeframe: 4H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
INJ - Holding strong in support and expected to bounce backAs you can see in the chart, this is the 4th time INJ is bouncing back from support and showing a bullish sentiment. We can this trend to continue and the next target for INJ is around $70
Entry level: $ 28-32
Stop loss level $ 23
Target 1: $39
Target 2: $45
Target 3: $ 59
Target 4: $ 69
Max Leverage: 2x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
INJ - HigherLast night we added to our INJ position at $36.50, Here's why...
Looking at price action we had a symmetrical triangle the broke out of the pattern on Feb 12th and retested the pattern on Feb 23rd before having a 67% move to the upside. What we have noticed recently is how well the strong support from that pattern has continued to hold up price (green circles). The $30-$35 range has also be a strong accumulation zone that will be looked back on from the future.
Looking at our RSI we also see a pattern forming. We have a red trendline of downwards momentum and a green trendline of upwards momentum. Recently, we just bottomed again at our green trendline. Once, we break the red trendline we will go back to new highs.
INJUSDTINJUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
INJ ready for another leg up
INJ has just broken the consolidation range of 3 months. Price now is just above the broken range and it seems that the retest is on-going.
For short-term trade, I bought at this price and look forward to selling at $74 and $99. Invalidation is when price falls back in the range (in 1D TF).
For long-term, Injective is a very promising L1 blockchain with a fast grow rate. I put in chart the list of L1 cryptos so that you can have a projection on the future position/market cap of INJ.
------ About INJ ----
Injective Protocol (INJ): A blockchain tailored for finance, facilitating DeFi applications like decentralized exchanges and lending protocols.
Unique Infrastructure: Features a fully decentralized MEV-resistant on-chain order book, supporting spot, perpetual, futures, and options markets.
Interoperability: Compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains such as Solana, offering cross-chain bridging capabilities.
Advanced Smart Contract Platform: Utilizes CosmWasm for smart contract execution, enabling multi-chain transactions and automatic contract execution.
Growing Ecosystem: Supported by prominent investors like Binance and Pantera Capital, with a global community exceeding 150,000 members, fostering innovation in decentralized finance.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.