MyCryptoParadise

INJUSDT Double Bottom - A Potential Game Changer

Panjang
BINANCE:INJUSDT.P   INJ / TetherUS PERPETUAL CONTRACT
๐Ÿ’Ž #INJUSDT has recently formed a double bottom near the $6.2 support. But, at the same time, the downtrend trendline is holding strong, suggesting that bears are still in control. ๐Ÿป

๐Ÿ’Ž However, the presence of a potential double bottom introduces the possibility of a sentiment shift from bearish to bullish if we witness a decisive 4-hour break and close above the trendline. This could be a game-changer Paradisers. ๐ŸŽฎ

๐Ÿ’Ž In the event of a clear 4-hour breakout above the trendline, #INJUSDT may embark on an upward journey toward the nearest supply zone, located around the psychologically significant $8 resistance. If we break above this zone, it could magically transform into a demand area, setting the stage for further growth. ๐Ÿช„

๐Ÿ’Ž In this optimistic scenario, #INJUSDT might set its sights on the next supply zone, which, this time, is situated at the $10 psychological resistance level. Paradise team members should be prepared for this exciting possibility. ๐Ÿš€

๐Ÿ’Ž Overall, the outlook seems to favor the formation of a bottom. However, we must remain vigilant and ensure that no new lower lows are printed, as a downside breakout would once again affirm bearish dominance. ๐Ÿšซ๐Ÿป

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