$INJ Liquidated Short: $75.8K at $22.09
A $75.8K short position in $INJ was liquidated at $22.09 after an unexpected price surge.
The market flipped against the bearish bet, forcing a quick exit at a loss for traders who had anticipated a decline.
Entry Point:
The short position was initiated at $22.09, based on expectations of a downturn in price.
Target:
Traders were eyeing a drop to $20.00, hoping for a retest of lower support levels.
Stop Loss:
The stop loss was placed at $22.50, but the market’s sudden reversal hit the liquidation point before the position could recover.