INJBTC is trying to have a new breakout from descending channel after a very nice bullrun.
The price bounced on 0.618 Fibonacci level.
IF the price will have a breakout and turn the resistance into support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly...
INJ / BTC
🌟analysis 🌟
This coin is Recently added to binance
According to fibonacci
next target is around 1.618 level
Best buy area ...If the price retest previous support zone in chart again
Good luck and happy trading 🌹
💎Technical Analysis Summary💎
BINANCE: INJBTC
-A new trendline resistance is found rejecting the price
-INJ is now pulling back to its previous swing support zone
-If we can see a bounce reaction, a chance to challenge the 5600s sat again
-But it will likely to form a triangle pattern
-The best option to enter this trade is to wait for the breakout...
