$INJ is a cryptocurrency that has recently experienced significant price movements.

A long position worth approximately $9,252 was liquidated at a price of $20.60194, indicating a notable market event.

Buy Zone. Based on recent price action, a potential buy zone for INJ could be between $20.50 and $21.50. This range is near the recent low, suggesting a possible entry point for buyers.

Target. If the price rebounds, a reasonable target might be around $24.00 to $25.00. This range aligns with recent highs, where selling interest has previously emerged.

Stop Loss. To manage risk, consider setting a stop-loss order below the recent low, perhaps around $19.50. This means if the price drops to this level, your position would be automatically sold to prevent further losses.

Understanding Stop-Loss and Take-Profit Orders.

Stop-Loss Order. This is an order placed to sell an asset when it reaches a certain price, aiming to limit potential losses. For example, if you buy INJ at $21.00, setting a stop-loss at $19.50 means the asset will be sold automatically if the price falls to $19.50, thus capping your loss.

Take-Profit Order. This is an order to sell an asset when it reaches a specific higher price, securing profits. For instance, if you set a take-profit at $24.50 after buying at $21.00, the asset will be sold when the price hits $24.50, locking in your gains.

These tools are essential for effective risk management in trading. They help automate the process of exiting positions, ensuring decisions are not clouded by emotions during volatile market movements.

Risk Management Tips.

Assess Risk Tolerance. Before entering a trade, evaluate how much loss you can tolerate. This helps in setting appropriate stop-loss levels.

Use Technical Analysis. Analyze charts to identify support and resistance levels, which can guide where to place buy orders, stop-losses, and take-profits.

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