🚨 $INJ Price Action Analysis – Major Short Liquidation Spotted at $15.45 🚨
A notable short liquidation worth $6.1173K has been triggered for $INJ at the $15.45 mark, indicating aggressive short-sellers getting wiped out. This liquidation level now acts as a psychological pivot zone, offering a glimpse into potential bullish pressure building up. Let's break it down:
INJ Technical Analysis – Battle Zone Ahead
Current Market Structure:
INJ has been trading within a broader consolidation zone between $13.80 and $15.80. The recent short liquidation near the top of this range shows clear signs of bear exhaustion and a possible shift in sentiment.
Buy Zone: $14.30 – $14.70
This area has historically acted as a demand zone.
A dip into this zone with low volume may indicate accumulation by stronger hands.
Target Levels:
Target 1: $15.45 (recent liquidation point and immediate resistance)
Target 2: $16.30 (next liquidity pocket; possible squeeze zone)
Target 3: $17.80 (major breakout level if momentum sustains)
Stop Loss: $13.80
Breach below this would invalidate the bullish setup.
Indicates strong seller dominance if broken with volume.
Outlook:
With shorts getting wiped at $15.45, the market may be gearing up for a bullish trap reversal. Smart money could exploit over-leveraged short positions again if $INJ manages to hold above $14.30 with strength. If buyers reclaim $15.45 with conviction, it could spark a short squeeze rally.
Conclusion:
This short liquidation is not just a number—it's a signal. A signal that the tide may be turning. As we hover near a critical resistance level, the risk-to-reward ratio now favors patient, strategic entries. Watch the zones. Follow the volume. React, don’t chase.