INJUSDT at 4h resistance, likely to head down
Updated
The price broke down further after losing the daily support. However, it bounced well and tested 4h resistance 4HR1. The price was rejected from that resistance on several attempt sand now the price has made the next attempt. Although it is repeated attempt, the probability is still in favor that it will be rejected again, and therefore a short is favorable. Howeverm since its a repeated attempt, the size should be kept low to minimize the risk.
Trade closed: target reached
The price has hit the target for our short trade and even went further down which I was kind of expecting but did not added into the trade target. The price was rejected from the 4h resistance and moved down. This is another example where we got a chance to close the trade at hlaf of the profit target and then add again in the resistance zone. I will be away now but I can see some setups here for new trade but wont be able to post. Only after I am back after few hours.
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