INJUSDT reject by 4h resistance, may bounce from LTF support
Updated
This is the long trade idea. The price hit the 4h resistance zone 4HR1 and got reject from there resulting in the pullback. The price is currently trading belwo this 4h resistance zone and above low time frame support LTFS. I expect the proce to hit LTFS and then bounce from there. A long trade is favorable from that support zone towards the 4h resistance zone. The target of this long trade should be 8.56.
Trade closed: stop reached
The price broke down from the LTF support LTFS and this stopped out our trade. LTF support was not meant for this long. The price hit the bottom of the 4h support zone 4HS2. This provided a good bounce to the price and was a good opportunity for a quick long trade. Anyways, I think this bounce will retrace. Lets look for a new setup on this one after monitoring the price for a while.
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