$INJ Guide For a Long/Short Trades Don't Skip Folks Its Free 💸
1. Injective saw a strong breakdown as it was rejected from the yearly open. This led us to
drift towards the range lows near $31.30, which quickly were lost as we broke down from
$30. This led INJ to flush down to the previous range highs at $18.60.
2. It’s been consolidating really well and just formed a good retest on the trendline, this
could be looking to breakout higher this week.
3. For a long position, look for INJ to hold the trendline, this will be decent to start seeing a
move back towards range highs. INJ has struggled approaching $30, seeing such a move
would be a display of strength. This would lead us closer to levels such as $25.40,
$27.50 and $30.00. Any higher will go for that $30 breakout.
4. For a short position, look for price to breakdown of the $23.70 level, this will confirm a
move towards the low of range. A breakdown of that will confirm the price moving to
$22.00 and $20.50.
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