INJ made a great performance in 2023. If BTC continues to shows weakness at key resistance ($48000), INJ would start correcting more deeply.
Indeed, in 2D-TF, RSI and CMF indicators had already broken (down) their trendlines. Moreover, bearish divergence can be also observed.
As a result, a Short set-up is as in chart.
In weekly TF, here is my view: INJ is under the resistance trendline.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Indeed, in 2D-TF, RSI and CMF indicators had already broken (down) their trendlines. Moreover, bearish divergence can be also observed.
As a result, a Short set-up is as in chart.
In weekly TF, here is my view: INJ is under the resistance trendline.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Trade closed manually:
I closed this trade at entry because the residual effect of ETF approval would continue for some days and BTC would retest the $48000 several times.
Will consider this trade in better condition.
Will consider this trade in better condition.
Comment:
I reactive this trade. Lower your size because it's risky trade
Comment:
+10% since my second entry
Comment:
.
Comment:
+17%, SL is ajusted
Comment:
Downside is resumed
