The asset has now arrived at a great load-zone. throughout its history, INSG used to gain bullish momentum from the midline of the historic blue channel. labeled as our Entry on the chart.
The slowdown of the bearish momentum and the increasing volume on the load-zone is also another bullish indicator that can hint a violation of R1 is inevitable in the upcoming days. In case R1 violated with great volume this can be a great swing to the following targets.
The recent recovery of NSDQ is a good indication of the low risk this setup may have. the target formation has been labeled in accordance with the past price action and profit-taking areas mostly done by retail traders.
Our priority on the market in long term is bearish and profit trailing can be our second-best strategy with INSG.
Cheers
The slowdown of the bearish momentum and the increasing volume on the load-zone is also another bullish indicator that can hint a violation of R1 is inevitable in the upcoming days. In case R1 violated with great volume this can be a great swing to the following targets.
The recent recovery of NSDQ is a good indication of the low risk this setup may have. the target formation has been labeled in accordance with the past price action and profit-taking areas mostly done by retail traders.
Our priority on the market in long term is bearish and profit trailing can be our second-best strategy with INSG.
Cheers
Trade closed: stop reached
VIRES IN NUMERIS
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Trend Breakout architect
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t.me/cryptosanction
🦦🎢👍🏻
Trend Breakout architect
—> join my free telegram channel ✅🚀✅🚀✅🚀
t.me/cryptosanction
