Here is a long idea for INJUSDT. The price has hit 4h support 4HS1. I think the price should bounce here and aim for the 4h resistance 4HR1. Therefore, a long is favorable from this level. In case the price loses the support, the trade idea is invalidated. The target of the trade should be around 7.6-7.69.
Note
Closing the position here. I think a short shall be favorable here. But I will prefer it from deep inside of the resistance zone. I will wait for the price to reach there and take it after assessing it further.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.