Thoughts on $INJ / usdt
The market is encountering strong resistance from the Bollinger Bands, as well as the 100, 200, and 50 moving averages. If the market manages to break through these resistance levels and the next candle closes above them, there is a possibility for a bullish trade. Additionally, the RSI is hovering around the 20 level, indicating an oversold condition. However, a correction has not yet begun because the red line has not crossed the blue line. Wait for this intersection to occur before entering a bullish trade, as it will signal the start of the correction.
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