INJUSDT at 4h support, likely to head to 8.39
Updated
The price was rejected by 4h resistance at 8.39 and it fell back to 4h support 4HS1. I expect this to bounce again towards that resistance zone. We will evaluate again about what further potential it has once it reaches there.
Trade closed: stop reached
The price did not bounce from the support we expected instead feel down and landed on the daily support which was a stronger level to provider support and bounce. The price bounced from daily support DS1 and moved towards 4h resistance 4HR1. This did not work out. We look for the next one on this pair.
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