Though price made a low on 29 September 2022, the volume on the advance is not convincing of sufficient buyers, for comparison look at move out of 7 March 2022. In the short-term price might move to the upper trendline. If price reverse quickly and go lower than 29 September then it will be a good short entry. One could attempt a long position to the trendline for a 10% gain but there are better prospects elsewhere.
Note
INP has proven resilient confirming it is in a new weekly cycle by closing the week above the resistance. Now reaching a point of price retracement before attempting higher.Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.