Last night was a challenging one for the market, with many investors likely checking their screens with bated breath. However, by morning, there was a silver lining: Bitcoin (BTC) was snapped up back into its channel. Such fluctuations can be intimidating, but remember that panicking has never been a trader’s best friend. As with many previous drawdowns, this might be an opportune time to consider expanding your BTC position.
Spotlight: A Trading Play on INJ Coin
On another note, I’ve set the stage for a promising play on the INJ coin. For those looking to dive in, here’s a strategy to consider:
- Entry Point: We’re looking for a definite breakthrough resistance. The marker? Keep an eye out for the coin consolidating above $6.95 on a 4-hour chart. Alternatively, if it retests and then recoils back to its support, that’s your signal.
- Exit Strategy: If all goes to plan, aim to make your exit in the range of $7.55 to $8.16. It’s a window that offers both security and decent profit margins.
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![Mark Brown](https://crpto.news/wp-content/uploads/2023/08/download-3-1.jpg)
Through meticulous research, in-depth analysis, and a dash of my personal intuition, I aim to demystify the latest trends, projects, and market shifts. Whether you’re a seasoned investor, a curious newbie, or just someone who’s crypto-curious, I’m here to be your guide.