INJ/USDT Spot Recommendation
• Entry Point: Around 20
• Profit Target (TP): 2 times up
Background and Market Situation
Injective Protocol (INJ) is a decentralized trading protocol aimed at providing a more efficient trading experience, especially in the decentralized finance (DeFi) space. It leverages Layer 2 solutions to enhance trading speed and addresses common issues in decentralized exchanges (DEX), such as trading costs and liquidity.
Why Choose These Points
• Entry Point at 20 USD: Based on market pullbacks, 20 USD may be a support area. If the price retests and stabilizes at this level, it indicates a potential rebound.
• Profit Target Above 2 Times: This is based on long-term potential analysis, as INJ has expansion potential, particularly in the DeFi and derivatives markets. 42 USD is an ideal target price.
1. Short-term Operation: If market sentiment supports, enter at 20 USD. If technical indicators break or favorable news emerges, consider entering immediately.
2. Long-term Holding: If you are optimistic about the future development of Injective Protocol, especially its potential in the DeFi and derivatives sectors, you may choose to hold INJ for the long term.
Risk Management
• If the market is highly volatile, consider entering in batches to reduce single-entry risk.
• Stay updated on market dynamics and adjust stop-loss and take-profit strategies according to market conditions.
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