The price of INJ is consolidating within the 4-hour OB zone between $3.20 and $3.29. If the price holds this zone, an upward move will begin with the aim of returning to the key level of $4.
🇮🇷 Iran signals it could use military force to break the U.S. naval blockade, with a former foreign minister warning that such a blockade is effectively an act of war
Officials suggest a response could come within days or as early as next week
This escalation risk is highly negative for global markets
Following the last seven FOMC meetings, price has dropped significantly right after every single one.
What’s interesting is that going into the March meeting, we saw a very similar setup to what we’re seeing now.
Price pushed higher into the event, repeatedly sweeping the highs and building up large amounts of liquidity below.
That meeting marked the local top and was followed by a 13% correction, retracing most of the prior move.
Heading into today’s interest rate decision, all of these factors are in place again, with price now also sitting just below major HTF resistance, adding even more confluence to the downside scenario.
If this plays out similarly, we could once again be looking at a local top forming around this event.
slipped below $77K 📉 $76.5K is key. Hold → bounce Lose → more downside No panic. Just patience. • Small buy near 76.5K • Bigger bids below 75K Altcoins like will stay volatile. Smart money buys fear. 🐋 Your move?
After yesterday’s break below the range, price has retested the lows and got rejected hard.
The key support level we bounced from has now been tested a second time, but this time bearish momentum was strong enough to break below.
If we get a confirmed close below this zone, which seems likely, there’s a good chance we see further continuation to the downside.
The next key area to watch is $74K. This level not only represents strong support but also lines up with a massive liquidity cluster, making it a likely target.
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