INJ / TetherUSShort
Short INJ
Updated
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.
Note
I reactive this trade. Lower your size because it's risky tradeNote
+10% since my second entryNote
.Note
+17%, SL is ajusted Note
Downside is resumed
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