$INJ: WAIT - bounce into resistance, no rejection yet.
What happened: Injective fell to 7.14 and bounced fast to 7.59. Bitcoin broke down to 67449 and stays weak, so this bounce can fail.
Entry: 7.50, only after an hourly candle closes back under it.
Stop loss: 7.70, about 2.7 pct above entry.
Target 1: 7.15, gives 1.5 times the risk.
Target 2: 7.00, gives 2.2 times the risk.
Avoid buying this bounce with no pullback, and avoid chasing a short under 7.15 with no bounce.
What cancels the idea: an hourly candle close over 7.70 kills the short. If Bitcoin climbs back over 70000, stand aside.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: Injective fell to 7.14 and bounced fast to 7.59. Bitcoin broke down to 67449 and stays weak, so this bounce can fail.
Entry: 7.50, only after an hourly candle closes back under it.
Stop loss: 7.70, about 2.7 pct above entry.
Target 1: 7.15, gives 1.5 times the risk.
Target 2: 7.00, gives 2.2 times the risk.
Avoid buying this bounce with no pullback, and avoid chasing a short under 7.15 with no bounce.
What cancels the idea: an hourly candle close over 7.70 kills the short. If Bitcoin climbs back over 70000, stand aside.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
