$INJ Just Faced a Long Liquidation Worth $5.3K at $13.78
The pressure just got real. This sudden flush hints at deeper movements beneath the surface. Smart money might already be watching closely, and so should you.
Technical Analysis:
Zone to Watch:
Buy Zone: $12.80 – $13.20
This zone is critical. It's a strong demand area aligned with previous support on the 4H chart. If $INJ holds here, bulls could take control again.
Upside Targets:
Target 1: $14.45
Target 2: $15.20
Target 3: $16.40 (if momentum picks up and market sentiment supports recovery)
Stop Loss:
Below $12.50
If INJ closes below this level on higher volume, the structure breaks, and further downside could follow.
Market Sentiment:
The recent liquidation suggests that overleveraged longs are getting wiped. This often marks the bottom of a short-term dip and can lead to a bounce, especially when paired with strong volume recovery and bullish divergence on RSI.
Conclusion:
$INJ has entered a high-opportunity zone. Patience and precision matter now. Let the market confirm the bounce before jumping in, and manage your risk wisely. This is not just another dip — this could be the setup the market's been waiting for.