INJ is moving towards 13$, 16$ and 24$ zones. But if it loses this 11$ zone, we will wait to buy it back at 9.5$ and 8$ zones
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 11$ zone
🔴Buy : 11
🔴Sell : 13 - 16 - 24
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 11$ zone
🔵Sell : 11
🔵Buy : 9.5 - 8
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Injective Protocol is a universal Decentralized Finance (DeFi) protocol for cross-chain derivatives trading across a plethora of financial products such as perpetual swaps, futures, and spot trading.
The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint (EVM on Tendermint). It utilizes a Tendermint-based Proof-of-Stake to facilitate cross chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols.
Injective Protocol is collision resistant and utilizes Verifiable Delay Function (VDF) to prevent front-running.
INJ is the native asset of Injective Protocol and is used across a diverse range of functions such as:
Exchange fee value capture
The Injective platform enable users to:
Take part in decentralized cross-chain derivatives trading with zero gas fees.
Access cross-chain yield generation for a multitude of assets.
Create and trade on any derivative market with only a price feed, thereby opening up more opportunities for trading on markets not found on other exchanges.