$INJ #INJ 📉
Direction: SHORT 📉
Entry zone: 7.17 to 7.19
Stop loss: 7.29
Target 1: 7.04
Target 2: 6.93
Injective is trading near 7.18 dollars, down 2.33 percent in 24 hours, near its daily low of 7.15 after a range high of 7.42. My reading is that sellers are in control while buyers failed to hold the higher range. 📉 The recent closes were flat and weak, 7.19, then 7.17, then 7.19, then 7.18, which is holding near the low, not bouncing. A short from the current zone, with a stop above 7.29, targets 7.04 first and then 6.93 if selling continues. A recovery above 7.29 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 7.04 first, or recover above 7.29? 🤔
Follow for more trades.
#Injective #Crypto #FuturesTrading #TradingSignals
Direction: SHORT 📉
Entry zone: 7.17 to 7.19
Stop loss: 7.29
Target 1: 7.04
Target 2: 6.93
Injective is trading near 7.18 dollars, down 2.33 percent in 24 hours, near its daily low of 7.15 after a range high of 7.42. My reading is that sellers are in control while buyers failed to hold the higher range. 📉 The recent closes were flat and weak, 7.19, then 7.17, then 7.19, then 7.18, which is holding near the low, not bouncing. A short from the current zone, with a stop above 7.29, targets 7.04 first and then 6.93 if selling continues. A recovery above 7.29 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 7.04 first, or recover above 7.29? 🤔
Follow for more trades.
#Injective #Crypto #FuturesTrading #TradingSignals
