INJUSDT at weekly resistance, likely to retrace
Updated
The price has hit the weekly resistance and is expected to be pushed back from here. I think a short is favorable here towards the first support zone 4HS1. Since the price is in uptrend, short trades are usually not so high probability game. And therefore, the risk taken for the trade should be limited. Usually it is good to stick to the long trades but if the setup is there for short then why not take it.
Trade closed: target reached
The price hit the 4h support zone which was also the target of our short trade. It ha salso bounced very well from that support zone. A long was definitely favaorable there since INJ is one of those which is showing strength. Missed to take this long. Anyways, we look for next setup.
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