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An INJ Opportunity

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BINANCE:INJUSDT   INJ / TetherUS
Interesting set up on INJ

10 month moving average appears to be holding up price.

There is some nice confluence between the parallel channels and fib ext levels.

10:1 + risk reward

(STOP @$15.00)

High risk play so position should be small

God speed

PUKA
Komen:
INJ Update

I took a small position on this one. Strong 100% + move at present.

Raising my stop to $32.00 (75% profit level). Here @ $32.00 I would exit 75% of my position (which also allows for 24% pull back - standard on alts)

If the stop is triggered @ $32.00, I will have taken out my original stake with a 31% profit whilst allowing for another the remining 25% of the position to run to who knows where.


I might change my position on this at a later date. I will be monitoring the 21 day moving average also for a trigger exit or entry for those interested, however, i feel like we need to be looking at the exits now, HOWEVER, there is no guarantee... with a BTC ETF approval the market could ramp. Alts look great atm but we MUST expect a harsh 30 -50% pull back at some stage over coming two months. This why stops to protect your gains is so vital.

PUKA
Komen:
WE can always reenter..... and you can always enter at the 21 day SMA however you need to allow a wide stop for alts... 10 - 20 % thus the position should be Much much smaller

Penafian

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