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angela_altair

INJUSDT close to hit daily support, long favorable from there

Long
INJUSDT SPOT (BYBIT:INJUSDT)  
angela_altair Updated   
BYBIT:INJUSDT   INJUSDT SPOT
Trend Analysis Chart Patterns Technical Indicators INJUSDT INJUSD injectiveprotocol inj injusdtperp injusdtlong injusdtbuy
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trendanalysis chartpattern indicator injusdt injusd injectiveprotocol inj injusdtperp injusdtlong injusdtbuy
The price is very close to hitting the daily support around 6.56-6.66 zone. This support shall provide bounce to the price and make a long favorable from there. Lets watch how the price reacts when it hits that support zone.
Comment:
This one has also hit the support zone as expected. The expectation is here a bounce. I think the bounce will have first difficulty at 6.9 level. Lets see how it reacts at that level if it reaches there.
snapshot
Comment:
The price went below the support level DS1 and was trading below it all along before this upside moved which was erased quickly by another drop. Now the price is trading again below the support and held by another 4h support.
snapshot
Trade closed: target reached:
So this also finally reached its target and got rejected from the daily resistance. The price almost retracing again to daily support DS1 from daily resistance zone target around 6.56. A long from the support zone may again be a favorable trade.
snapshot
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