INJUSDT long idea

٢٥ أغسطس ٢٠٢٣

Its looking like a consolidation after an upward move on smaller time frame. The price is likely to break up after this consolidation. Probably a long is favorable here as the end of this consildation will move the price upward.

٢٥ أغسطس ٢٠٢٣

ملاحظة

The price has moved upward and its time to book some profit here. I have booked some profit by reducing the size at 1.5%. I will add again on pullback in case it seems suitable to do so.

٢٥ أغسطس ٢٠٢٣

ملاحظة

And here is the explanation why I booked some profit and reduced the size at that level. The price hit the LTF resistance LTFR marked on the chart. So there was a considerable probability for the price to pullback from there. And in order to make this trade secure from loss in case this pullback goes deeper than our entry, I booked some profit at that level. This was also almost halfway of the target and I usually prefer to do that in general until unless I have a good reason not to do so.

٢٥ أغسطس ٢٠٢٣

ملاحظة

The Price reached to the entry and then again bounced to the LTF resistance LTFS. Taking profit at LTF resistance allowed to add the reduced position again. Booked profit again on this push to the LTF resistance.