Via TradingView Ideas
INJ - Injecting An Impulse ?
INJ / TetherUS BINANCE:INJUSDT
TheSignalyst
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
? INJ has been overall bullish, trading within the flat wedge pattern in red.
Currently, INJ is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support at $31.5.
? Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
? As per my trading style:
As #INJ approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
? Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Continue reading at TradingView Ideas »
