INJUSDT restests the daily resistance it broke, likely to bounce

18 août 2023

And here is the long trade for INJUSDT. The price broke upward and from the daily resistance zone DR1 and has come back to retest it. I think this level will now provide the support and therefore a long is favorable here.

18 août 2023

Note

Went heavy on this one as kept the stop loss very small. Now it has moved around 1% so offload some size here. And rest stop loss on break even.

18 août 2023

Note

twitter.com/angela_altair/status/1692650314849976417

18 août 2023

Note

So indeed the price retraced from 7.76 level and now heading towards the entry zone. I will add one thrid size which I offloaded here. The trade will close in handsome profit even if it goes southward from here.

18 août 2023

Note

Half size offloaded on the red zone marked on the chart around 7.85.

18 août 2023

Note

Added that half offloaded at red zone around 7.85, now added at 7.76.

19 août 2023

Trade fermée: cible de profit atteinte

So the price hit the target according to the plan and it kind of followed the time structure as well. It went a bit beyond the target and got rejected and fell back again towards the daily resistance which the price had broken and now that broken resistance acting like a support. The price is showing some bounce from there. Lets look for a new setup on this one in a separate post.