MyCryptoParadise_Simon

INJ/USDT Ready for its Next Bullish Move? πŸ‘€πŸš€INJ Analysis

Long
BINANCE:INJUSDT   INJ / TetherUS
πŸ’Ž Paradisers, let's focus on #INJUSDT, as the current trend is hinting at the possibility of a significant bullish rebound from its essential support zone.

πŸ’Ž Examining #Injective's recent market trends, we notice a steady 32% drop after encountering resistance at a key supply level. However, resilience around the support level of $34.94 is evident, indicating the potential for an upward shift.

πŸ’Ž Despite current hurdles in setting new highs or breaking past previous peaks, leading to a short-term bearish outlook, the $34.94 mark is critical for #INJ. This level could be the catalyst for a strong bullish surge upon retesting.

πŸ’Ž As strategic traders, we're always ready with an alternative approach. If #INJ doesn't maintain its stance at the support and declines further, we're looking towards a bullish recovery starting from a lower support level at $31.6. However, be aware that falling below this additional support level might imply extended bearish trends.

πŸ’Ž Stay versatile in your strategies and focused on the charts, Paradisers. Your ParadiseTeam is vigilantly observing the markets, poised to offer guidance through these shifts.
Trade closed: target reached:
#INJ’s 47.61% rise? Called it
Comment:

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