🚨 $INJ UNDER SELLING PRESSURE! LEVERAGED BUYERS JUST LOST $61.7K!
Injective is showing signs of short-term weakness after $61,700 in long positions were liquidated at $7.964. This liquidation highlights the risk facing buyers who entered with leverage near the $8.00 region.
But the real opportunity may be developing now: will INJ experience another downward sweep, or will buyers step in to defend this psychological level?
📊 INJ Price Action Radar
- 🔴 Liquidation Level: $7.964
- ⚖️ Key Pivot: $8.00
- 🚧 Resistance: $8.10–$8.25
- 🛡️ First Support: $7.85
- 🎯 Major Support: $7.70–$7.60
📉 Two Scenarios to Watch
1. Bearish Continuation
If INJ loses $7.85 with strong selling pressure, the next downside test could come around $7.70. A deeper breakdown may expose $7.60.
2. Bullish Comeback
If buyers defend $7.85 and push the price back above $8.10, recovery momentum could build toward $8.25.
🎯 My Professional Trading Bias
I'm leaning cautiously bearish below $8.10. However, I would wait for a confirmed breakdown below $7.85 before considering a short position. A sustained move above $8.10 would weaken this bearish setup.
🔥 Final Take: The $8.00 area is becoming an important battleground for INJ. Watch how price reacts around support before choosing a direction. The next move could expose another liquidity opportunity.
⚠️ Risk Management: Use proper stop-loss levels, control leverage, and avoid entering trades without confirmation.
#INJ
#Injective
#CryptoTrading
#AIChipSlumpNasdaq #TradFiForBeginners
Injective is showing signs of short-term weakness after $61,700 in long positions were liquidated at $7.964. This liquidation highlights the risk facing buyers who entered with leverage near the $8.00 region.
But the real opportunity may be developing now: will INJ experience another downward sweep, or will buyers step in to defend this psychological level?
📊 INJ Price Action Radar
- 🔴 Liquidation Level: $7.964
- ⚖️ Key Pivot: $8.00
- 🚧 Resistance: $8.10–$8.25
- 🛡️ First Support: $7.85
- 🎯 Major Support: $7.70–$7.60
📉 Two Scenarios to Watch
1. Bearish Continuation
If INJ loses $7.85 with strong selling pressure, the next downside test could come around $7.70. A deeper breakdown may expose $7.60.
2. Bullish Comeback
If buyers defend $7.85 and push the price back above $8.10, recovery momentum could build toward $8.25.
🎯 My Professional Trading Bias
I'm leaning cautiously bearish below $8.10. However, I would wait for a confirmed breakdown below $7.85 before considering a short position. A sustained move above $8.10 would weaken this bearish setup.
🔥 Final Take: The $8.00 area is becoming an important battleground for INJ. Watch how price reacts around support before choosing a direction. The next move could expose another liquidity opportunity.
⚠️ Risk Management: Use proper stop-loss levels, control leverage, and avoid entering trades without confirmation.
#INJ
#Injective
#CryptoTrading
#AIChipSlumpNasdaq #TradFiForBeginners