INJ / TetherUSPanjang
Breakout Alert! Will INJUSDT Keep Climbing or Fall Back?
Yello, Paradisers! Are we on the brink of a significant move for #INJUSDT?
đź’Ž#INJ has successfully broken out of a descending channel pattern, suggesting a high probability of continuing its upward movement. The price has already retested the support level, indicating a strong likelihood of moving toward the resistance zone at 28.5 - 30.8.
đź’ŽHistorically, INJ faced rejection and a false breakout at this zone. For a sustained upward trend, it must break through this resistance, switching back to bullish momentum and potentially reaching our target resistance area.
đź’ŽHowever, if INJ fails to break through and falls back to the support area at 24, it might create new momentum. If it fails to rebound and breaks down the support directly, this could be a bad sign, with the price likely revisiting the strong demand area at 18.4.
💎Historically, INJ has shown strong rebounds from this demand zone, consistently moving upward afterward. Therefore, it’s crucial for the price to bounce when revisiting this area. If it fails to do so, the bullish invalidation will be confirmed, and the price may dip further.
Trade smart, Paradisers!
MyCryptoParadise
iFeel the success🌴
đź’Ž#INJ has successfully broken out of a descending channel pattern, suggesting a high probability of continuing its upward movement. The price has already retested the support level, indicating a strong likelihood of moving toward the resistance zone at 28.5 - 30.8.
đź’ŽHistorically, INJ faced rejection and a false breakout at this zone. For a sustained upward trend, it must break through this resistance, switching back to bullish momentum and potentially reaching our target resistance area.
đź’ŽHowever, if INJ fails to break through and falls back to the support area at 24, it might create new momentum. If it fails to rebound and breaks down the support directly, this could be a bad sign, with the price likely revisiting the strong demand area at 18.4.
💎Historically, INJ has shown strong rebounds from this demand zone, consistently moving upward afterward. Therefore, it’s crucial for the price to bounce when revisiting this area. If it fails to do so, the bullish invalidation will be confirmed, and the price may dip further.
Trade smart, Paradisers!
MyCryptoParadise
iFeel the success🌴
Penafian
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