INJUSDT close to hit daily support, long favorable from there
Updated
The price is very close to hitting the daily support around 6.56-6.66 zone. This support shall provide bounce to the price and make a long favorable from there. Lets watch how the price reacts when it hits that support zone.
Note
This one has also hit the support zone as expected. The expectation is here a bounce. I think the bounce will have first difficulty at 6.9 level. Lets see how it reacts at that level if it reaches there.Note
The price went below the support level DS1 and was trading below it all along before this upside moved which was erased quickly by another drop. Now the price is trading again below the support and held by another 4h support.Trade closed: target reached
So this also finally reached its target and got rejected from the daily resistance. The price almost retracing again to daily support DS1 from daily resistance zone target around 6.56. A long from the support zone may again be a favorable trade.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
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