Let's analyze the INJ coin, a popular cryptocurrency, on higher timeframes and daily charts. 📈🔍
This coin had a sharp uptrend after breaking the $7.97 line, reaching approximately 440% growth and touching its all-time high at $52.05. 🚀💰
After this rise, the coin is currently forming a Distribution Zone box. The characteristics of this box include good news, purchases by newcomers to the market, and significant increases in price and uptrend momentum. 📦💡
If you have bought this coin at lower prices, you can consider selling after breaking $31.19 and the breakdown of this box. Additionally, you can open short positions in lower timeframes in the futures market after the box breakdown. 📉💼
Furthermore, for re-buying opportunities, in case of market correction and deep decline, you can look at the important weekly support at $18.49 and the pullback to this area. Also, considering the 0.5 Fibonacci level, you can identify a significant buying range if confirmed. 🛒📉
However, in the event of another break of the box ceiling and the loss of resistance at $43.19, you can consider buying again. Still, I recommend keeping an eye on new projects and coins in the market for bullish opportunities. 🚀👀
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.💼⚠️
This coin had a sharp uptrend after breaking the $7.97 line, reaching approximately 440% growth and touching its all-time high at $52.05. 🚀💰
After this rise, the coin is currently forming a Distribution Zone box. The characteristics of this box include good news, purchases by newcomers to the market, and significant increases in price and uptrend momentum. 📦💡
If you have bought this coin at lower prices, you can consider selling after breaking $31.19 and the breakdown of this box. Additionally, you can open short positions in lower timeframes in the futures market after the box breakdown. 📉💼
Furthermore, for re-buying opportunities, in case of market correction and deep decline, you can look at the important weekly support at $18.49 and the pullback to this area. Also, considering the 0.5 Fibonacci level, you can identify a significant buying range if confirmed. 🛒📉
However, in the event of another break of the box ceiling and the loss of resistance at $43.19, you can consider buying again. Still, I recommend keeping an eye on new projects and coins in the market for bullish opportunities. 🚀👀
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.💼⚠️