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INJ / TetherUS

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INJUSDT trade ideas

INJUSDT at 4h resistance, likely to head downThe price broke down further after losing the daily support. However, it bounced well and tested 4h resistance 4HR1. The price was rejected from that resistance on several attempt sand now the price has made the next attempt. Although it is repeated attempt, the probability is still in favor that it will be rejected again, and therefore a short is favorable. Howeverm since its a repeated attempt, the size should be kept low to minimize the risk.
Short
by angela_altair
2
INJUSDT at daily support, likely to head to 6.99-7.06Here is a long trade idea for INJUSDT. The price is currently trading around daily support. I think the price is likely to move towards the 4h resistance 4HR1 sitting around 6.99-7.06. It is also possible that the pullback from the push upward towards the daily resistance DR1 is almost over and we may see further move up beyond that resistance. But let us stick to this long trade and target 4HR1 zone as the target of this trade.
Long
by angela_altair
2
#INJ back to 3$? INJ had a very strong support level at 7.6$ where it couldn't manage to stay above, breaking below, leads the coin towards to M FVG at 5.6$ as a magnet Where either the coin will bounce to retest the resistance line at 6.66$ which currently tries to be a support. And we will see a bear reaction, in this case coin may drop lower to 3$ (n.1) Or after the bounce from M FVG #INJ will bounce and break through 6.66$ level to continue ascending move towards to 7.6 - 8.6$ (n.2)
Short
by vazitrades
INJUSDT's Bullish Potential: Awaiting the Decisive Breakout💎 Today, we're turning our focus to the #INJUSDT chart, where a distinct bounce from the Fibonacci support has caught our eye. If you glance at the chart, you'll notice the 427.2% Fibonacci level was decisively repelled on August 23. This bounce catalyzed a brief rally, propelling the price towards the 227.2% Fibonacci resistance, which coincidentally aligns with the significant $8.00 mark. 💎 Interestingly, this Fibonacci resistance dovetails with the Volume Profile resistance, marking it as a pivotal juncture for #INJ. Currently, the price is oscillating between these support and resistance thresholds. A decisive breakout, either upwards or downwards, is essential to forecast the next phase of price movement. 💎 On a side note, we've observed an upward breach of the descending channel, lending further weight to a potential bullish trajectory. However, it's a precarious time for bullish traders. The optimal strategy might be to bide time, awaiting a surge past the $8.00 barrier and the descending trendline. A clear breach of these markers would underscore the bullish momentum. Until then, our primary task is to vigilantly track any breakout, regardless of its direction.
Long
by MyCryptoParadise