INJUSDT is experiencing a significant test of the daily resistance level around the $7.6 area. This means that the price of INJUSDT has reached a point where it has historically faced selling pressure and struggled to surpass this level.
If the price manages to break out above the daily resistance at $7.6, it would align with the trading principles outlined in Plancton's Rules. According to these rules, a breakout above a strong resistance level often indicates a bullish signal and suggests the potential for further upward movement.
In such a scenario, traders following Plancton's Rules may consider initiating new long positions on INJUSDT. By entering a long position, they would be speculating that the price will continue to rise after the breakout, potentially offering an opportunity for profit.