INJUSDT - Opportunity during triangle formation and breakout
#INJUSDT (4H CHART) Technical Analysis Update
INJ is currently trading at 34.42 and showing a triangle formation pattern. Currently it's bouncing back from the support level, we can expect the price to reach the next resistance of the triangle at around 37.5, you can exit the trade if you are looking for scalp trade.
We can expect some correct after hitting the 37.5 level and then bounce back to break the triangle.
Second resistance is at 39$ range and 3rd resistance is at 44$
Long Entry level: $ 33 - 34
Stop loss: below $ 31
Target 1: $ 37.5
Target 2: $ 39
Target 3: $ 44
Max Leverage: 5x
ALWAYS KEEP STOP LOSS.
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INJ is currently trading at 34.42 and showing a triangle formation pattern. Currently it's bouncing back from the support level, we can expect the price to reach the next resistance of the triangle at around 37.5, you can exit the trade if you are looking for scalp trade.
We can expect some correct after hitting the 37.5 level and then bounce back to break the triangle.
Second resistance is at 39$ range and 3rd resistance is at 44$
Long Entry level: $ 33 - 34
Stop loss: below $ 31
Target 1: $ 37.5
Target 2: $ 39
Target 3: $ 44
Max Leverage: 5x
ALWAYS KEEP STOP LOSS.
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
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