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INJ / TetherUS PERPETUAL CONTRACT

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INJUSDT.P trade ideas

INJUSDT to bounce from daily supportThe last long did not work out. We had a bit bounce from the 4h support but it was not substantial to fulfill our trade goals. However, the price has now come to the daily support. This zone is a pretty strong support zone and will provide support to the price and the price is likely to hold this level at least to allow the price to bounce good enough for a long trade. You can see on the chart that this level has held the price in past when the price hit this level several times and finally provided a good upward move. And therefore, I believe this is a good level to go long spot. The trade idea has been put on the chart but it can be adjusted as per the need. The idea is not to lose this opportunity due to just a spike on the down side.
Long
by angela_altair
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 ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
8
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!
Long
by Hadi_karaali
WILL $INJ REACH $6 AGAIN BEFORE BULL RUN OR CONTINUE TO RALLY?CRYPTOCAP:INJ has made an explosive run upwards since the buy setup executed by $5.40 in the previous analysis on $INJ. Begs the question, will CRYPTOCAP:INJ reach $6 again? I think price will reach $6 again. Below are the confluences for my Bearish stance - Price is currently in a Weekly Rejection Block - Sell Side Liquidity has been taken on the Weekly and Daily timeframes that was at $9.58 - Retail Market Sentiment is bullish as we can see major news articles are writing about the bull market coming which is always great for an institutional trader as there is retail liquidity to raid. - Price is also in a Daily Bearish Order Block that has not been violated as yet. - There is a Fair Value Gap by $8.50 as well as another Fair Value Gap by $6.50 which the algorithm will most likely be targeting to close before another big rally. - There is Buy side Liquidity (retail buy stoploss) by $7.75 which is very attractive. We are currently in Q3 and I project that prices within the Crypto market will make their lows within this quarter in August-September before a Bullish rally begins again. N.B: If you enjoy and learn from detailed analysis like this one, do well to follow, like and share this analysis to your fellow traders. Happy Trading Pals
Short
by Evaliste