$INJ Long Liquidation: $1.9983K Wiped Out at $23.454—Bearish Momentum Gains Ground!
A massive $1,998.3 long liquidation hit the $INJ market at the crucial $23.454 level, signaling that the bulls are losing control.
This liquidation suggests increasing bearish pressure, with potential for further downside.
Key Details:
Liquidation Amount: $1,998.3
Liquidation Price: $23.454
Market Sentiment: Bearish, as long positions are cleared out.
Next Moves:
1. Immediate Support: $22.50. Watch for this level to hold; a break below could accelerate losses.
2. Resistance Zone: $24.00. If the price moves above this, it may signal a potential reversal.
Stop-Loss Suggestions:
For Long Positions: Set at $22.00 to protect against further declines.
For Short Positions: Place at $24.50 to limit potential risk if the trend shifts unexpectedly.
The $INJ market is under heavy pressure—watch these levels closely as the situation unfolds!