INJ BULLISH Potential Bull flag

INJ is printing a bull flag on the 12H after hitting a ATH. this distribution pattern takes out profit takers, lets long term holders accumulate and lets new holders enter. this can cause a significant surge in price when. Mix this with potential ETF news and we will see a new ATH

Besides this INJ also retested all the MA's (5-20-50) expecting some good upside potential.

key points
- Wait for close and conformation on breakout to enter
- SL close under 50ma
- TP new ath 50+
- if etf gets approved it will probaly be a sell the news, so manage positions.

Commentaire:

Retested and broke out perfectly closed 25% and letting the rest ride to ath and 50+
look out for etf desicion, wicks are going to be crazy both ways.

Trade fermée: cible de profit atteinte:

TP1 & TP2 HIT
Closed 50% and moved SL to TP2 waiting for TP3 at 50+ Good trade.

Commentaire:

Quick note on the SL ;
The 12H never closed under the 50ma depside the big sell off this morning. So the trade was good all the way.

Trade fermée manuellement:

CLosed the final 25% here manually, we didnt reach the 50$ but did make some good profit reaching new ath at 45.3$ so all in all good trade.

Hopefully you guys made some profit.