A notable short liquidation of $1,022.9 occurred at a price level of $24.53, signaling a significant move in the market.
This highlights increased volatility in the $INJ market, catching traders off guard.
Key Details to Watch:
1. Current Price Level: A key resistance zone around $24.50 appears to have been breached, which could fuel bullish momentum.
2. Volume Surge: Liquidations like these often indicate heavy participation; watch for further price swings.
3. Market Sentiment: Bulls may take this as a sign to push $INJ higher, while shorts may reassess their positions.
Suggested Next Move:
For Long Traders: Consider waiting for confirmation of $24.50 turning into strong support before entering.
For Short Sellers: Avoid entering immediately—look for signs of overextension near $25+.
General Traders: Keep an eye on the broader crypto market trend and news for external factors influencing $INJ
The market is heating up—stay vigilant!