#InjectiveBlockchain
Our trade which was taken earlier tp 1 touched. kindly put stoploss at entry.
Sheikha999
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Bullish
🚀 INJ (Injective) - Potential Buy/Long Opportunity! 🚀
Technical Analysis Update:
INJ is currently presenting an attractive setup. The Relative Strength Index (RSI) is in oversold territory, suggesting that selling pressure might be exhausted and a bounce could be imminent. We're observing it near a strong bouncing zone, indicating a potential reversal.
📈 Trading Strategy (Short-to-Medium Term):
* Entry/Buy Zone: $10.60 - $10.48
* Stop Loss (SL): $8.78 (Crucial for risk management!)
* Take Profit (TP) Targets:
* TP 1: $13.80
* TP 2: $17.10
* TP 3: $21.40
💎 For Hodlers/Spot Buyers (Long-Term Perspective):
For those looking to accumulate INJ for the long term, consider establishing your spot positions around the current levels.
* Long-Term Strategy: For hodlers, a strategic sell order can be placed around $35+ for significant long-term gains.
Important Considerations:
* Always perform your own research (DYOR) before making any trading decisions.
* Manage your risk carefully. The provided Stop Loss is essential for protecting your capital.
* Market conditions can change rapidly.
#INJ #Injective🔥 #TechnicalAnalysis #BinanceSquareFamily
Technical Analysis Update:
INJ is currently presenting an attractive setup. The Relative Strength Index (RSI) is in oversold territory, suggesting that selling pressure might be exhausted and a bounce could be imminent. We're observing it near a strong bouncing zone, indicating a potential reversal.
📈 Trading Strategy (Short-to-Medium Term):
* Entry/Buy Zone: $10.60 - $10.48
* Stop Loss (SL): $8.78 (Crucial for risk management!)
* Take Profit (TP) Targets:
* TP 1: $13.80
* TP 2: $17.10
* TP 3: $21.40
💎 For Hodlers/Spot Buyers (Long-Term Perspective):
For those looking to accumulate INJ for the long term, consider establishing your spot positions around the current levels.
* Long-Term Strategy: For hodlers, a strategic sell order can be placed around $35+ for significant long-term gains.
Important Considerations:
* Always perform your own research (DYOR) before making any trading decisions.
* Manage your risk carefully. The provided Stop Loss is essential for protecting your capital.
* Market conditions can change rapidly.
#INJ #Injective🔥 #TechnicalAnalysis #BinanceSquareFamily
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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