Massive $INJ Short Liquidation Alert!
A significant short liquidation of $7,807.2 occurred at the price of $22.04183, signaling intense volatility in the market.
This event indicates that bullish momentum may be dominating as shorts are being wiped out.
Key Details:
Liquidation Amount: $7,807.2
Liquidation Price: $22.04183
Market Context: Liquidation at this level suggests strong buying pressure driving prices up.
Next Move:
For Bears (Short Traders): Exercise extreme caution.
If you're shorting, wait for clear rejection signals at major resistance levels before entering new positions.
For Bulls (Long Traders): Momentum is in your favor.
A break above $22.5 could signal a rally to higher resistance levels like $23 or $24.
Suggested Stop-Loss:
For Shorts: Place a stop-loss around $22.7 to minimize risk in case of further upward movement.
For Longs: Protect profits by setting a stop-loss near $21.5 to account for potential pullbacks.$INJ
Stay sharp, and monitor price action closely as volatility remains high!