weslad

INJusdt trading opportunity

weslad Updated   
BINANCE:INJUSDT   INJ / TetherUS
INJUSDT has recently made a significant move by breaking above its previous all-time high (ATH) and is currently maintaining its trajectory within an ascending channel, with the price targeting the channel's upper trendline.

A potential pullback towards the previous ATH could be anticipated as a re-test before a further rally ensues. Our analysis has identified crucial demand areas on the chart that represent potential buyback zones should the price retrace to these levels as expected.

Additionally, we have outlined both potential and immediate targets for this setup. Updates on this post will be provided as the price action unfolds.

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Trade active:
The price has successfully broken above a significant demand zone, which also served as a major resistance level and the neckline of the setup. This level is now holding firm as a support. We should consider accumulating within this range and anticipate INJ to initiating the final leg of its Wave cycle towards the specified target.

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