$INJ Long Liquidation Analysis
Liquidation Size: $9.9031K
Current Price: $20.4229
Market Overview:
$INJ faced a long liquidation at $20.4229, showing that selling pressure has shaken the market. However, such liquidations can open doors for a potential bounce or further downside movement.
Next Move Suggestion:
Buy Zone:
Primary Buy Zone: $20.00 – $20.50 (Near current price; watch for stabilization).
Secondary Buy Zone: $19.00 – $19.50 (Stronger support for safer entry).
Target Levels:
Target 1: $21.50 (5% gain)
Target 2: $22.50 (10% gain)
Target 3: $23.50 (15% gain)
Stop Loss:
Place a stop loss at $19.00 to limit potential downside risk.
Key Levels to Watch:
1. Resistance Zone: $21.00 – $21.50 (A breakout above this zone confirms bullish momentum).
2. Support Zone: $19.00 – $20.00 (A critical level to hold for recovery).
Trading Strategy:
Bullish Plan: If $INJ holds above $20.00, it could see a recovery toward $21.50 and beyond. Start taking profits as targets are hit.
Bearish Plan: If the price breaks below $19.00, wait for a stronger support zone before re-entering.
Pro Tip:
Watch Volume: A surge in buying activity around $20.00 can signal a strong bounce.
Risk Management: Stick to your stop loss and position size to avoid unnecessary losses.
This is a high-potential opportunity for savvy traders. Stay disciplined, trade smart, and let the market guide your next move!
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