INJUSDT to come to down to 4h support for a bounce to 9.65

14 lug 2023

For this one a long entry would be 4h support zone which is sitting around 8.68-8.73. The price has rallied close to 9.93 and then retraced back. It is currently trading above the 4h support 4HS1. But I expect it to hit that support and then bounce from there. A long trade will be favorable from that 4HS1 support zone towards the resistance zone 4HR1. The target of this trade should be 9.65.

19 lug 2023

Nota

After long there is an update for this one as I was on travel. As per our expectation, the price came back to the 4h support zone 4HS1. And it also bounced from there in line with what we expected. It did not quite reach our target but it did went way beyond the half of the target and was an opportunity to book some profit. The price came back again close to that support and reversed. Lets see how it goes further.

20 lug 2023

Trade chiuso: obiettivo raggiunto

So the price has hit the 4h resistance 4HR1 and with that the long trade is concluded. The price is at the moment has been rejected from 4h resistance at the first attempt and has pulled back from there. Lets see how it reacts to this pull back and we decide about our next setup.