A thaw has come to the market, and, as a result, involvement in processes is growing. During such periods of growing (or increased - on the bull) interest, the demand for infrastructure projects - CRV, BNB, TWT, FTT and many others, last but not least increases. The reason is obvious - owning these tokens gives goodies and advantages when working with platforms, which is important, for example, when trading frequently or rebalancing assets.
For example, it is logical that with an increase in the DEX turnover of the DYDX exchange, its token will be in demand, respectively, the asset quote will increase. Actually, that's why the guys and I are in a closed channel and have already made +100% on it and are taking part of the position further. But this is not about that.
Injective Protocol is a decentralized two-layer protocol. The platform uses the Ethereum and Cosmos ecosystems to create a fast, cross-chain trading infrastructure without gas costs. INJ is a token for protocol management, incentivizing users and providing financial derivatives
The project has been released on Binance Launchpad. Actually, the same CELR and FET, which also came out of the Binance launchpad, showed excellent growth after such a rollback.
The Injective Protocol is at the heart of a fully decentralized crypto exchange that supports a wide range of derivatives, including CFDs, perpetual swaps, and more. The system provides a launch environment compatible with EVM, DeFi applications and a zone for transferring Ethereum and ERC-20 tokens to Injective. The Injective order book is completely decentralized and works on a 0x basis. It allows you to transfer orders along the side chain with settlements within the main chain.
In short, it’s clear that you are not interested, it’s time to move on to the question of where to buy and when to sell
The asset fell decently, similarly to DYDX. More than a month is in the accumulation with a clear level of support.
I personally take without a stop for a couple of percent of the deposit, if you want to put a stop - you can set it under loi in the region of 1.088. The stop is long, because the spot is a priority, in case of failure, it will be possible to safely get the asset. If you prefer with leverage, be attentive to risk management and be careful with placing a stop.
X, not X - but the position must have a strategy so that fomo does not prevent you from taking a profit at least in the end, and in the worst case, going at a loss, therefore partial fixation is welcome, the unloading option was offered to you in the setup
It is obvious that in the event of a spill of the cue ball, the asset will go below the current ones, so either put a stop or plan a set grid with the withdrawal of the position into profit at a distance
It is also obvious that you should not wait for instant profit, you should not write in the chat tomorrow morning "Well, fuck it, I took this INJ, it would be better to take SXP"))
