INJUSDT at daily support, likely to head up towards 7.46

22 août 2023

Here is next long idea. The price has hit the daily support DS1 and likely to bounce from here providing an opportunity for a long trade. The target should be the next 4h resistance which is around 7.46.

23 août 2023

Trade fermée: cible de profit atteinte

The price has hit the target which was 4h resistance zone. The price retraced from there at first but then pushed up again and started trading above it. Then a 4h candle closed above this 4h resistance which was a signal to go long from there. This was also supported by the trend line break and some "IHS structure" as they call it. All in all this was a very high conviction long trade opportunity but got missed as only could see when price had already moved significantly from that resistance zone. Anyways, now the price has hit the 4h resistance 4HR2 and likely to retrace before any further move if its there.