Fluctuation - INJ

BTC broke through 52000 at the beginning of this week and is standing above 57000. If you use the TSB indicator and open a long position, your profits will be further amplified.

Although BTC and ETH are rising, some tokens that led the market in the early period, such as SOL and INJ, continue to fluctuate and have not started a new rise. The token this time is INJ, let’s take a look at its current situation.

INJ is the token of blockchain Injective. Injective was originally a derivatives exchange, and later built a dedicated chain based on Cosmos-SDK. This gave great inspiration for the subsequent transformation of large exchanges such as BLUR and DYDX into chains. But what made INJ stand out in the early period of the bull market was its unique on-chain transaction fee auction system ----INJ2.0 model. The token supply is reduced through the monthly repurchase-auction mechanism. Token holders can use INJ tokens to bid for transaction fees, and then destroy the INJ obtained from the auction. Currently, 5.84m INJ have been destroyed, which puts the INJ token into a deflationary state.

Back to indicators. INJ has almost maintained fluctuations in a range in the past two months. This is in line with the application scenario of the KDMM indicator. We have marked several clearer opening points with green and red vertical lines. Currently, INJ is in the high value area of ​​the KDMM indicator, and there is an obvious upward pin-bar on the previous candle. If bearish momentum can build, it will be an appropriate position to open a short position to capture pullback gains.

In addition, during the use of the KDMM indicator, we can see weak and strong signals. These are not trading signals, but signals that prompt subsequent potential volatility changes. Just like what we marked with rectangle. After weak occurs, it is thought that the volatility of subsequent price will most likely decrease, while strong does the opposite. You can use this information to plan the details of the trading ahead of time.





Introduction to indicators:

Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.

KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.

Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.

Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.