$INJ Long Liquidation: $1.0852K Vanished at $21.704!
The crypto market delivered another blow as $1.0852K worth of INJ long positions were liquidated at $21.704, marking a sharp downturn that caught traders off guard.
This event underscores the volatility of leveraged trading, leaving many to rethink their strategies.
Event Highlights:
1. Liquidation Amount: $1,085.20
2. Liquidation Price: $21.704
3. Position Type: Long (bullish bets).
Why It Happened
Bearish Pressure: $INJ faced strong selling momentum, breaking key support levels.
Over-Leveraged Trades: High-risk positions collapsed under sudden price swings.
Stop-Loss Cascade: Market moves likely triggered a wave of automated liquidations.
Market Outlooks
Support Zone: $21.50 – A breach could signal further downside.
Resistance Level: $22.00 – A recovery above this is crucial for bulls.
Trader Tips:
Avoid over-leverage during volatile markets.
Use stop-loss orders to protect against sharp dips.
Watch $INJ 's RSI and whale activity for recovery signals.