š $INJ /USDT: TESTING SUPPORT ā BREAKOUT OR RETRACEMENT AHEAD? ā”
The $INJ/USDT pair is currently trading at 26.07, testing critical support and resistance levels. Traders should monitor for a potential breakout or pullback as the price approaches these key zones.
š Trade Scenarios:
Entry Point: 26.07
Take Profit (TP 1): 27.50
Take Profit (TP 2): 28.50
Take Profit (TP 3): 29.50
Stop Loss (SL): 25.00
Support is at 25.00, while resistance is found at 27.50. A breakout above 27.50 could fuel bullish momentum, pushing toward 28.50 and 29.50. On the downside, a drop below 25.00 could signal bearish pressure and a potential retracement.
š Market Outlook:
INJ is consolidating above 25.00 support, which could set up a bullish move toward 27.50 and beyond if it breaks through resistance. A successful breakout would confirm continued strength, while failure to hold support might result in a pullback to lower levels.
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