Massive $INJ Liquidation Alert!
$67.8K Long Position Liquidated at $22.58
$INJ just saw a huge liquidation of $67,800 as the price dipped to $22.58.
The bulls were caught off guard as the market took a sharp turn, shaking out leveraged positions in a high-stakes move.
Key Details:
Liquidation Trigger: Drop to $22.58, wiping out a $67.8K long position.
Sentiment Shift: Bears gaining control, with long positions getting liquidated aggressively.
Volatility Surge: A sharp price correction indicates a turbulent market phase.
Next Steps for Traders:
1. For Bulls:
Watch for $22.50 as the next support zone. If price holds here, a potential bounce could materialize.
Look for $23.00 as a critical resistance point to confirm if bulls are regaining control.
2. For Bears:
If $22.50 is broken, anticipate a move towards $21.80 or even lower.
A clean breakdown below $22.00 would signal further downside momentum.
3. Risk Management:
Tighten stop losses and keep an eye on market conditions to avoid unexpected volatility.
Watch for any signs of consolidation before making major moves.
This liquidation event serves as a warning of market turbulence—keep a close watch, as $INJ could be in for a volatile ride ahead!