🔷 Crypto Setup #2: $INJ - who blinks first?
INJ pulled back from $9,422 to $8.47 and is stuck in the $8.34–8.74 range. The daily chart is bullish, but momentum has faded on the lower timeframes. I don't trade the middle of the range.
Long: entry at $8.74–8.78 after a 15m close above and a retest.
Stop: $8.54.
Targets: $8.91 / $9.15.
Short: entry at $8.30–8.34 after a 15m close below and a retest from underneath.
Stop: $8.48.
Targets: $8.13 / $7.86.
Futures CVD is negative: sellers are more active. So I won't take a long without confirmation.
Macro: a sharp BTC sell-off could accelerate a downside breakout.
Not financial advice. Leveraged trading carries high risk.
#CryptoRay #INJ
INJ pulled back from $9,422 to $8.47 and is stuck in the $8.34–8.74 range. The daily chart is bullish, but momentum has faded on the lower timeframes. I don't trade the middle of the range.
Long: entry at $8.74–8.78 after a 15m close above and a retest.
Stop: $8.54.
Targets: $8.91 / $9.15.
Short: entry at $8.30–8.34 after a 15m close below and a retest from underneath.
Stop: $8.48.
Targets: $8.13 / $7.86.
Futures CVD is negative: sellers are more active. So I won't take a long without confirmation.
Macro: a sharp BTC sell-off could accelerate a downside breakout.
Not financial advice. Leveraged trading carries high risk.
#CryptoRay #INJ