Let me start by saying that we don't ever, ever trade this type of chart... We only look at charts for trading that are very low risk and BEFORE the bullish action starts. Here we have INJBTC (Injective Protocol) after really strong bullish action. Right now resistance is being faced at the 1.618 Fib. Extension level marked with a red dashed-line. Above this...
$INJ Many alts pumping today... Trying to break out from known range into price discovery.. UCTS 1D buy flashing as 12H is already 20%+ Volume not that strong so aiming for a flip at current level as entry could be safer // Fibs levels as potential levels to watch #INJ
Ref. G.Chart Hi If your familiar with chart structure, this is a good buy signal. Refer to the Bump and Run strategy. The lead in trend line was tested and looks good. BTC is likely also to go up from here (70% chance). Ensure you place your stop loss in the right places. All the best, S.SAri. INJ.BTC pairing BTC USDT
INJ / BTC 🌟analysis 🌟 This coin is Recently added to binance According to fibonacci next target is around 1.618 level Best buy area ...If the price retest previous support zone in chart again Good luck and happy trading 🌹