$INJ #INJ 📉
Direction: SHORT
Entry zone: 7.84 to 7.92
Stop loss: 8.05
Target 1: 7.70
Target 2: 7.55
Injective is trading near 7.89 dollars, down 0.91 percent in 24 hours, inside a range of 7.81 to 8.43 dollars, and the recent closes show sellers pushing lower, 7.95, then 7.96, then 7.89, then 7.90, then 7.86. 🔴 My reading is that INJ is fading after a failed push toward 8.43 dollars, because a coin that drops from its daily high while the market bounces is telling you sellers are using every green move to exit, even though it is still up 1.02 percent over 7 days. A short from the current zone, with a stop above 8.05, targets 7.70 first and then 7.55 if sellers break the range low. A move above the stop 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 INJ break 7.70 tonight, or reclaim 8.05 first? 🤔
Follow for more trades.
#Injective #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 7.84 to 7.92
Stop loss: 8.05
Target 1: 7.70
Target 2: 7.55
Injective is trading near 7.89 dollars, down 0.91 percent in 24 hours, inside a range of 7.81 to 8.43 dollars, and the recent closes show sellers pushing lower, 7.95, then 7.96, then 7.89, then 7.90, then 7.86. 🔴 My reading is that INJ is fading after a failed push toward 8.43 dollars, because a coin that drops from its daily high while the market bounces is telling you sellers are using every green move to exit, even though it is still up 1.02 percent over 7 days. A short from the current zone, with a stop above 8.05, targets 7.70 first and then 7.55 if sellers break the range low. A move above the stop 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 INJ break 7.70 tonight, or reclaim 8.05 first? 🤔
Follow for more trades.
#Injective #Crypto #FuturesTrading #TradingSignals
