💎 #INJUSDT has recently formed a double bottom near the $6.2 support. But, at the same time, the downtrend trendline is holding strong, suggesting that bears are still in control. 🐻
💎 However, the presence of a potential double bottom introduces the possibility of a sentiment shift from bearish to bullish if we witness a decisive 4-hour break and close above the trendline. This could be a game-changer Paradisers. 🎮
💎 In the event of a clear 4-hour breakout above the trendline, #INJUSDT may embark on an upward journey toward the nearest supply zone, located around the psychologically significant $8 resistance. If we break above this zone, it could magically transform into a demand area, setting the stage for further growth. 🪄
💎 In this optimistic scenario, #INJUSDT might set its sights on the next supply zone, which, this time, is situated at the $10 psychological resistance level. Paradise team members should be prepared for this exciting possibility. 🚀
💎 Overall, the outlook seems to favor the formation of a bottom. However, we must remain vigilant and ensure that no new lower lows are printed, as a downside breakout would once again affirm bearish dominance. 🚫🐻
💎 However, the presence of a potential double bottom introduces the possibility of a sentiment shift from bearish to bullish if we witness a decisive 4-hour break and close above the trendline. This could be a game-changer Paradisers. 🎮
💎 In the event of a clear 4-hour breakout above the trendline, #INJUSDT may embark on an upward journey toward the nearest supply zone, located around the psychologically significant $8 resistance. If we break above this zone, it could magically transform into a demand area, setting the stage for further growth. 🪄
💎 In this optimistic scenario, #INJUSDT might set its sights on the next supply zone, which, this time, is situated at the $10 psychological resistance level. Paradise team members should be prepared for this exciting possibility. 🚀
💎 Overall, the outlook seems to favor the formation of a bottom. However, we must remain vigilant and ensure that no new lower lows are printed, as a downside breakout would once again affirm bearish dominance. 🚫🐻
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.