INJ BULLISH Potential Bull flag
Updated
INJ is printing a bull flag on the 12H after hitting a ATH. this distribution pattern takes out profit takers, lets long term holders accumulate and lets new holders enter. this can cause a significant surge in price when. Mix this with potential ETF news and we will see a new ATH
Besides this INJ also retested all the MA's (5-20-50) expecting some good upside potential.
key points
- Wait for close and conformation on breakout to enter
- SL close under 50ma
- TP new ath 50+
- if etf gets approved it will probaly be a sell the news, so manage positions.
Besides this INJ also retested all the MA's (5-20-50) expecting some good upside potential.
key points
- Wait for close and conformation on breakout to enter
- SL close under 50ma
- TP new ath 50+
- if etf gets approved it will probaly be a sell the news, so manage positions.
Note
Retested and broke out perfectly closed 25% and letting the rest ride to ath and 50+look out for etf desicion, wicks are going to be crazy both ways.
Trade closed: target reached
TP1 & TP2 HIT Closed 50% and moved SL to TP2 waiting for TP3 at 50+ Good trade.
Note
Quick note on the SL ; The 12H never closed under the 50ma depside the big sell off this morning. So the trade was good all the way.
Trade closed manually
CLosed the final 25% here manually, we didnt reach the 50$ but did make some good profit reaching new ath at 45.3$ so all in all good trade. Hopefully you guys made some profit.
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