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Trader_CD
Mar 3, 2023 9:59 AM

INJ/USDT Short

INJ / TetherUSBinance

Description

INJ one of the stronger alts today but still think it's going much lower.
I can see a Double Top forming on HTF just needs a confirmation below $3.

In this LTF trade I'm waiting for price to go under $3.61 again, that would be a deviation of the LTF Mid Range and my trigger to short it.

First target is Range Low at $3. That is a big level for INJ. After that Goblin town.


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Trade active

Scaling in, first trigger done, now waiting for price to go under $3.51.

Comment

Stops at break even. Will add on a break of $3.51

Comment

Stopped out at break even during Asia session. No harm done. We can now see a LTF range between $3.51 and $3.68. This where I will do my business, at Range Highs, Mid Range or breakdown of Range Lows. Trade still valid.

Comment

Filled my shorts partly yesterday and took some proftis, filled shorts fully today again.

Comment

Stops in profit. Risk free trade.

Comment

Taking some profits here at LTF Range Lows. Will compound higher.

Trade closed manually

Comments
behdark
I enjoyed your analysis. That had some good points.thank you
ilyasolloway
Note that I also have thoughts about this, great job
Trader_CD
@ilyasolloway, @behdark Cheers mates.
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