Yello, Paradisers! Could we be witnessing the start of #INJUSDT's next major move? Let’s break it down for you.
💎After breaking out of a converging triangle pattern, #INJ is reclaiming critical support levels and showing strong signs of a bullish breakout. If this momentum holds, INJ is first targeting $18.80. Beyond that, price is eyeing the $19.25 - $19.55 zone, where the triangle pattern is likely to conclude. This key region also aligns with the FVG inefficiency, making it a must-watch area for traders.
💎As momentum picks up, sellers could be in trouble. If INJ fills the FVG void, a short squeeze could push prices even higher, possibly into the $21.25 - $22.00 range. However, for the bulls to trigger a strong squeeze, they need to maintain control above the $19.25 mark.
💎On the downside, solid support levels have formed around $17.55 - $17.25 levels. This region has added protection from the 4-hour EMA-50. This EMA has been reclaimed for the first time since August 27th. Further supports remain positioned at $16.50 level, and as long as this level holds, INJ remains in a bullish grip.
Discipline and patience are key here, Paradisers.
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Boom! #INJ is doing just what we said. Up 10.48% and looking good!
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