INJUSDT is experiencing a significant test of the daily resistance level around the $7.6 area. This means that the price of INJUSDT has reached a point where it has historically faced selling pressure and struggled to surpass this level.
If the price manages to break out above the daily resistance at $7.6, it would align with the trading principles outlined in Plancton's Rules. According to these rules, a breakout above a strong resistance level often indicates a bullish signal and suggests the potential for further upward movement.
In such a scenario, traders following Plancton's Rules may consider initiating new long positions on INJUSDT. By entering a long position, they would be speculating that the price will continue to rise after the breakout, potentially offering an opportunity for profit.
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Follow the Shrimp 🦐
Keep in mind.
If the price manages to break out above the daily resistance at $7.6, it would align with the trading principles outlined in Plancton's Rules. According to these rules, a breakout above a strong resistance level often indicates a bullish signal and suggests the potential for further upward movement.
In such a scenario, traders following Plancton's Rules may consider initiating new long positions on INJUSDT. By entering a long position, they would be speculating that the price will continue to rise after the breakout, potentially offering an opportunity for profit.
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Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Nota
Waiting for the new bullish impulseNota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.