🚀 **#AltcoinTrade**: Just nailed a swing on **$INJ** (Injective Protocol)! Here’s the breakdown:
**📈 The Trade**
- **Entry**: $7.80 (Oct 10)
- **Exit**: $9.45 (Today)
- **Hold Time**: 5 days
- **Catalyst**: Breakout from a descending wedge + surging volume after partnership news.
**💡 The Why**
- **Key Support**: Held $7.50 (a pivot level since August).
- **News Trigger**: Announced integration with a major DeFi platform (rumors sparked pre-pump).
- **Sentiment Shift**: Social volume spiked 300% on Crypto Twitter.
- **Exit Strategy**: Took profits near $9.50 (previous ATH resistance from Sept).
- **Risk Plan**: Stop-loss at $7.20 (4% below entry).
**📉 The Lesson**
Altcoins are rockets 🚀—or landmines 💥. A 21% gain in 5 days was juicy, but *always* scale out partials. Greed kills in low-cap plays!
**🔍 On-Chain Clues**
- **Exchange Reserves**: Dropped 15% during the pump (supply squeeze!).
- **Funding Rates**: Stayed neutral (no excessive leverage = healthier rally).
[Chart screenshot: Clean breakout + volume confirmation!]
**🗣️ Engagement Prompt**: *“Hold for $12 or secure the bag? How do you play volatile alts?”* 👇
#AltcoinTrade #TradeLessons #NewsTrade #TradeStories #StrategyTrade $INJ