$INX Pushing into the Resistance Zone, Short with Discipline
INX Short Trading Plan (20x)
Entry: 0.01355 – 0.01378
SL: 0.01408
TP1: 0.01332
TP2: 0.01295
TP3: 0.01250
INX is pushing up to the 0.01355 – 0.01378 zone after a pullback from below. But don't get your hopes up, this zone is showing clear signs of resistance. The current movement looks sluggish, volume isn't explosive, and the overall structure still favors sellers.
The stop loss is placed at 0.01408, a fairly clean level, above the resistance zone. If it gets swept, no regrets. If the price is rejected here, the targets 0.01332 → 0.01295 → 0.01250 are entirely feasible.
The distance from entry to stop loss is quite close (~2.2-3.9%).
Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
Do you think this area is stable? Or is there still an upward wave? Comment to discuss!