INJ/USDT Break Alert! Keep an eye on the support area.
💎 INJ has recently undergone significant market dynamics, notably breaking the support trendline of the bearish flag pattern.
💎 This break may lead to a retesting phase, potentially driving the price downwards towards the support area around $25.3, reminiscent of the previous all-time high (ATH) level.
💎 For traders seeking a buying opportunity, waiting for the price to reach the support area or the weekly order block (OB) between $19.3 and $14.6 could be advantageous.
💎 These zones may act as strong support levels, potentially leading to a significant bounce in the price. Such a bounce could pave the way for a subsequent move towards the strong resistance area after another retest.
💎 However, if INJ fails to exhibit significant bullish momentum upon reaching the weekly OB and instead shows signs of consolidation with weakening volume, it could signal a bearish scenario.
💎A confirmed breakdown below the OB might indicate a shift in market sentiment towards bearishness, potentially resulting in a sustained downward movement.
💎 This break may lead to a retesting phase, potentially driving the price downwards towards the support area around $25.3, reminiscent of the previous all-time high (ATH) level.
💎 For traders seeking a buying opportunity, waiting for the price to reach the support area or the weekly order block (OB) between $19.3 and $14.6 could be advantageous.
💎 These zones may act as strong support levels, potentially leading to a significant bounce in the price. Such a bounce could pave the way for a subsequent move towards the strong resistance area after another retest.
💎 However, if INJ fails to exhibit significant bullish momentum upon reaching the weekly OB and instead shows signs of consolidation with weakening volume, it could signal a bearish scenario.
💎A confirmed breakdown below the OB might indicate a shift in market sentiment towards bearishness, potentially resulting in a sustained downward movement.
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