INJUSDT close to 4h support, long favorable from there

19 Ağu 2023

The price is coming to 4h support zone 4HS1. It is likely that the price will bounce from there. This makes a long trade favorable from there. The price is likely to head towards hourly resistance around 7.91-7.94 zone. The target of the trade should be this zone around 7.93.

20 Ağu 2023

İşlem kapandı: hedefe ulaştı

The price came down to our 4h support zone where we wanted to take the long trade filling the orders partially. Upon hitting there the price bounced which was also our expectation. The price reached the hourly resistance in 7.93-7.94 zone which was also our target for this trade. The price has since then pulled back. This concludes this trade and we look for a new setup on this one in coming posts.