As we can see $INBX "ping pong" between is "R"=resistance and "S" =support levels
Im the case he break is support we got a high chances he will retrace to close his gap or a t least check the gap horizontal support line there is no structure in the way down but recent candela from the prior month shos the move down need to be execute quickly
Final notes
Take a trade in day when INBX Breaking support and sell in day when starting to see a pattern of bullish such as : double bottom& head&shoulders ext...
in case he will break his resistance
I would like to see him balancing on the resistance he broke confirming it's now using it as support with a good candle pattern on the weekly and volume i can watch for a long position for the next 6 weeks
Im the case he break is support we got a high chances he will retrace to close his gap or a t least check the gap horizontal support line there is no structure in the way down but recent candela from the prior month shos the move down need to be execute quickly
Final notes
Take a trade in day when INBX Breaking support and sell in day when starting to see a pattern of bullish such as : double bottom& head&shoulders ext...
in case he will break his resistance
I would like to see him balancing on the resistance he broke confirming it's now using it as support with a good candle pattern on the weekly and volume i can watch for a long position for the next 6 weeks