INJ/USDT Keep an eye! Could INJ Break out the Bullish Pennant ??
💎INJ has recently exhibited notable market dynamics. After making a strong bounce from the support trendline of the Bullish pennant pattern, INJ is now approaching the resistance area.
💎 A successful breakout above this resistance could potentially lead to a breakthrough of the pattern itself, paving the way for INJ to revisit its all-time high resistance levels.
💎 However, if INJ fails to breach the resistance and experiences rejection, the price may retreat back towards the support trendline within the channel.
💎 Failure to sustain and rebound from the support trendline could signal further downside potential, with the price potentially targeting the support area.
💎 The support area represents the final line of defense for the Bullish trend of INJ. A bounce from this level is crucial, as a breakdown could lead to a significant downward movement towards the Bullish Order Block (OB) area, which presents an attractive long-term buying opportunity.
💎 A successful breakout above this resistance could potentially lead to a breakthrough of the pattern itself, paving the way for INJ to revisit its all-time high resistance levels.
💎 However, if INJ fails to breach the resistance and experiences rejection, the price may retreat back towards the support trendline within the channel.
💎 Failure to sustain and rebound from the support trendline could signal further downside potential, with the price potentially targeting the support area.
💎 The support area represents the final line of defense for the Bullish trend of INJ. A bounce from this level is crucial, as a breakdown could lead to a significant downward movement towards the Bullish Order Block (OB) area, which presents an attractive long-term buying opportunity.
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