IDEA #1 | INJUSDT - DAILY | BULLISH BIAS
Injective (INJ) is a remarkable project that has been operational for about four years now. It has a market cap of more than $2 billion, features cross-chain compatibility, and is highly finance-optimized.
Please check their website at @injective.com if you are not familiar with the project and it's goal.
In the last month, the market has experienced two significant red days totalling over $2 billion in liquidation. As indicated, the most recent one tapped into daily imbalance. Though this might not represent peak downside for altcoins, I do not anticipate a daily candle closing below the two lows indicated at $15$–13$. Keeping an eye on BTC.DOM will help efficiently time further entries/layers.
Please check their website at @injective.com if you are not familiar with the project and it's goal.
In the last month, the market has experienced two significant red days totalling over $2 billion in liquidation. As indicated, the most recent one tapped into daily imbalance. Though this might not represent peak downside for altcoins, I do not anticipate a daily candle closing below the two lows indicated at $15$–13$. Keeping an eye on BTC.DOM will help efficiently time further entries/layers.
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