INJUSDT at LTF support, likely to head up and clear the high

Dec 15, 2023

I believe the price has retraced enough and has landed on the adjusted low time frame support LTFS1 and may be ready to bounce again. This time the bounce will probably clear the high it has made previously. However, partial profit taking on the way up would not be a bad idea. Let see how and where it goes.

Dec 15, 2023

Trade closed: stop reached

This one got stopped out. LTF support was bit good enough to stop the downward monetum. After a pause it countinued downward move. A bit more patience and observation was necessiated here. A better long entry would have been a bit higher time frame support 4HS1 as LTFS1 was already tested and the bounce was already exploited there which coould not break the high and reversed before it.