$INJ #INJ 📉
Direction: SHORT
Entry zone: 8.1836 to 8.2164
Stop loss: 8.3230
Target 1: 8.0360
Target 2: 7.9130
Injective is trading near 8.20 dollars, down 3.44 percent in 24 hours, inside a range of 8.08 to 8.51 dollars, and the recent closes show a slow slide with no real bounce, 8.16, then 8.27, then 8.21, then 8.19, then 8.20. 🔴 My reading is that INJ is weak while Bitcoin chops under 77,900 dollars, because it lost more than 3 percent on 61.1 million dollars of volume and is now sitting near its range low, with buyers nowhere to be seen. A short from the current zone, with a stop above 8.3230, targets 8.0360 first and then 7.9130 if sellers push through the range low. A rise above 8.3230 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Injective fall to 8.0360 first, or rise above 8.3230? 🤔
Follow for more trades.
#Injective #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 8.1836 to 8.2164
Stop loss: 8.3230
Target 1: 8.0360
Target 2: 7.9130
Injective is trading near 8.20 dollars, down 3.44 percent in 24 hours, inside a range of 8.08 to 8.51 dollars, and the recent closes show a slow slide with no real bounce, 8.16, then 8.27, then 8.21, then 8.19, then 8.20. 🔴 My reading is that INJ is weak while Bitcoin chops under 77,900 dollars, because it lost more than 3 percent on 61.1 million dollars of volume and is now sitting near its range low, with buyers nowhere to be seen. A short from the current zone, with a stop above 8.3230, targets 8.0360 first and then 7.9130 if sellers push through the range low. A rise above 8.3230 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Injective fall to 8.0360 first, or rise above 8.3230? 🤔
Follow for more trades.
#Injective #Crypto #FuturesTrading #TradingSignals
