Mock Up Price Action for INJ | Near Term (4HR)
Mock Up Price Action for
INJUSDT
| Near Term (4HR)
- I'm decided.. Of all the potential short play opportunities, this is my absolute number 1 pick
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions / news
INJUSDT
| Near Term (4HR) - I'm decided.. Of all the potential short play opportunities, this is my absolute number 1 pick
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions / news
Comment:
42 likely. 48 possible. My entry point on short position is at 48 only, timeframe up to and before 1/6.
Comment:
Still watching and waiting for a movement like this before I consider entry into short. My most likely scenario to play out will be continued BTC ETF approval speculation and hype driven bullish pump for market leading into SEC decision, then upon the news dropping good or bad (IMO likely good, ETF approvals), buy the rumor sell the news short term healthy pullback for the market.
Comment:
Updated target to reduce risk should I enter short
