INJUSDTINJUSDT has retraced to very strong support area. and also still holding the upward trend as getting support from long term inclining trendline. Will the buyers attack these levels and push price much higher ?
INJUSDT.P trade ideas
INJUSDt is testing the resistanceINJUSDT is exhibiting a descending channel pattern on the price chart. A descending channel is characterized by a series of lower highs and lower lows, forming two parallel trendlines that act as support and resistance levels.
As of now, the market is testing the upper boundary of the descending channel, which acts as a resistance level. Traders and investors are closely observing this critical juncture as it could lead to a potential breakout. A breakout refers to the scenario when the price breaks above the resistance level, indicating a potential bullish trend reversal.
Given the descending channel pattern and the potential breakout, there is a possibility that the price might attract new liquidity below the current resistance level. In other words, there could be a considerable influx of buying interest once the resistance is breached, as traders look to capitalize on the upward momentum.
According to Plancton's trading rules, a new long position is recommended after a decisive breakout above the $8.3 price area. A long position implies buying the asset with the expectation that its value will rise. By adhering to Plancton's rules, traders aim to take advantage of potential price appreciation, riding the upward trend until it reaches a specific target or shows signs of reversal.
According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
INJ USDT 1D It looks like a head and shoulders pattern is forming.
On the other hand, sma7 is cutting sma25, which is a clear sign of further decline.
what do you think ?
INJ WAIT FOR TRIGGER Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
INJ BULLS TO TAKE OVER FROM A SHORT TERM.
As we can see price is still overall bulls trading above our rising trendline.
However, price got stuck inside this big range, Meanwhile, price is sitting around our previous major high!
Where we will be looking for new longs from a short-term perspective
And as we can see price is still bearish trading inside this channel, and for the bulls to kick in we need a break above the marked swing high
And as usual 1-2 Risk to reward ratio, from a risk management perspective.
And price can still reach our target before reaching our upper resistance zone.
Until that price can still trade lower and lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
INJUSDT Next Possible MovePair : INJUSDT ( Crypto )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern
Break of Structure
Completed " 12345 " Impulsive Wave and " A " Corrective Wave
RSI - Divergence
Support Level
NUKE OR PUMP? It's either a nuke or pump situation, and mid-August will decide, as you can see. This rising channel is a bearish pattern.
🔥 INJ Perfect Reversal Area: Wait For Bounce!INJ has been trading bullish alongside an upward trending support line. With INJ reaching the support again, we're going to scout for an entry.
BTC is currently trading (and potentially reversing) from a massive area of resistance, so we're going to decrease our risk and wait for INJ to bounce off the support and close the daily candle above 9$. Only then will this trade be activated.
Chance to buy INJ around $8.2On daily TF,
Injective BINANCE:INJUSDT has broken R/C around $8.2 and reached to $9. Now, it's pulling back to $8.2
Chart 1H TF
Wait a confirmation to join the race
I expect it can hit last ATH at $9.97
Wait and see
INJUSDT at support, likely to head to 8.96The price is at 4h support 4HS1. This calls for a long side trade. The price is meant to bounce here and likely to move upward towards 4h resistance 4HR1 zone. The target should be 8.96.
INJ LONG POSETIONBULISH OB+ + DISCOUNT + ORDER BLOCK ON 15 MNUTES CHART. its was 1h ob+ so i minmiz the entery on the 15m chart u can enter directly or wait for choch on 1m chart
INJINJ is retesting last ATH top. This could cause a double top or not lol, any how every direction will be interesting and present enough trading, Daily already showing bear tendecies not enough yet to confirm anything. Watchout for value area high, and point of cotrol.
#INJUSDT #LQR #TOBTC #LaqiraProtocolDue to the strong resistance Zone , the probability of correction is obtained from the confluence of static and fib levels in certainLevels on the chart, after confirming and matching with Bitcoin levels, you can open a trade this analysis is not an offer to buy or sell
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.
