INJ/USDT is currently trading at $5.42, and as per my previous analysis, it has completed a 30% down move and achieved its target. I am now expecting some upward movement towards $7.5 from its current level.
A good entry point for this trade could be between $5.20-$5.40, with short-term targets set at $6, $6.5, $7, and $7.5. I recommend placing a stop-loss at $4.86 to minimize potential losses.
As always, it's important to keep a close eye on the market and to prioritize your risk management before opening any trades. Remember, this is not financial advice, and it's essential to conduct your own research before entering any coin trades.
In conclusion, with careful analysis and risk management, I believe INJ/USDT could be a promising investment opportunity in the current market conditions. Best of luck with your trades!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.