INJUSDT likely to come down to daily support and bounce
Updated
Had a look at chart too late for a short. Else was a good opportunity on retest of 4HR1 resistance. Now we look for long. Price currently at the 4h support and can see some bounce here but I think it is likely that it is coming towards daily support. A better and favorable long entry is from daily support. Lets have the target dynamic for this one but for now lets keep the 4h resistance 4HR1 as the target.
Note
So the price bounced from daily support DS1 on two occassions. Remember we updated our daily support DS1 level as it was misplaced in the original post. However, it was updated later and we can see that the updated level is acting well as a support and provided the two bounces. On the first bounce it almost reached the 4h resistance zone 4HR1 but fell before reaching our target. Usually I would have booked some profit on the way up but it happened overnight. Anyways, the price came back to that support again on this fall and bounced once again and gave other orders to be filled and then also to book profit on 2% bounce. The price is trading again around this support zone. Lets watch what we get here.
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