Trade Setup: INJ at $18 Support
Market Context:
INJ has retested the $18 support level, with buyers visibly defending this area. This support sweep indicates potential bullish momentum. If the price loses this support, wait for it to turn into a deviation before buying at this level off a higher high, then a higher low. Ideally, the price should consolidate above $22 and then break to the upside from here.
Trade Setup:
Entry: Enter a trade at $20.
Take Profit: Set profit targets at $25.50 and $30.
Stop Loss: Place the stop loss below $18 on a daily close.
📊 Monitor the price action closely and adjust your strategy accordingly! #INJ #CryptoTrading #SupportAndResistance 🎯
INJ has retested the $18 support level, with buyers visibly defending this area. This support sweep indicates potential bullish momentum. If the price loses this support, wait for it to turn into a deviation before buying at this level off a higher high, then a higher low. Ideally, the price should consolidate above $22 and then break to the upside from here.
Trade Setup:
Entry: Enter a trade at $20.
Take Profit: Set profit targets at $25.50 and $30.
Stop Loss: Place the stop loss below $18 on a daily close.
📊 Monitor the price action closely and adjust your strategy accordingly! #INJ #CryptoTrading #SupportAndResistance 🎯
Penafian
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