INJUSDT Short Setup Swing Trade 📊 ** Analysis by @LuciferCryptVIP **
MEXC:INJUSDT.P
** INJ/USDT Short Setup Analysis **
📉 ** Support and Liquidity Swap Levels: **
- Buy Zone: 5.022 - 3.845
- Strong Support: 3.845
📈 ** Resistance Levels: **
- Resistance 1: 7.661
- Resistance 2: 8.285
🎯 **P otential Targets: **
1. Target 1: 6.341
2. Target 2: 5.930
3. Target 3: 5.206
📌 **Current Price: 7.079**
📊 ** Technical Analysis: **
- INJ/USDT is currently trading near a pivotal resistance level at 7.661.
- The price has exhibited consolidation, suggesting an imminent price movement.
- Strong support at 3.845 is a key level to monitor for potential reversals or continuations.
- The target levels offer potential exit points for traders, with incremental downside potential.
- Effective risk management and stop-loss strategies are recommended.
📈 ** Trade Idea: **
- **Short Position Entry:** Consider entering a short position upon a confirmed breach below the strong support at 3.845.
- **Targets:** Take profits at 6.341, 5.930, and 5.206.
- **Stop-Loss:** Set a stop-loss above the resistance level at 8.285.
🚨 ** Risk Warning: ** Trading carries substantial risk and may not be suitable for all investors. Comprehensive understanding of risks and prudent risk management are essential.
This analysis is intended for educational purposes and is not financial advice. It is essential to conduct personal research before executing any trading decisions. Best of luck!
@LuciferCryptVIP 🌟
(Note: This analysis is not financial advice. Please conduct your own research before making trading decisions.)
