INJUSDT| Price Action Pennant| Swing High| 200 MA| Bull Trend
Evening Traders,
Today’s analysis – INJUSDT- trading in an equilibrium where a bull break is probable,
Points to consider,
- Price action impulsive
- .50 Fibonacci S/R
- Swing High Objective
- 200 MA Dynamic S/R
INJUSDT’s immediate price action is impulsive trading in an equilibrium where a break bullish is probable is the prevailing trend is of consecutive higher lows.
The .50 Fibonacci S/R is considered support, holding this level is critical for continued momentum.
The swing high Is immediate objective, exceeding this level will lead to a bull trend continuation, it is important that price action must hold the 200 MA.
Overall, in my opinion, INJUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
Today’s analysis – INJUSDT- trading in an equilibrium where a bull break is probable,
Points to consider,
- Price action impulsive
- .50 Fibonacci S/R
- Swing High Objective
- 200 MA Dynamic S/R
INJUSDT’s immediate price action is impulsive trading in an equilibrium where a break bullish is probable is the prevailing trend is of consecutive higher lows.
The .50 Fibonacci S/R is considered support, holding this level is critical for continued momentum.
The swing high Is immediate objective, exceeding this level will lead to a bull trend continuation, it is important that price action must hold the 200 MA.
Overall, in my opinion, INJUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee