🔴 $INJ LONGS UNDER PRESSURE! ⚠️
Injective just recorded a $51.2K long liquidation at $7.845, highlighting fresh downside pressure and showing that leveraged buyers are struggling to defend their positions.
📊 Market Breakdown
- Liquidated Position: Long
- Liquidation Value: $51.2K
- Liquidation Price: $7.845
- Key Pivot: $7.85
- Immediate Resistance: $7.95–$8.05
- Downside Watch: $7.70–$7.60
🎯 My Trading Outlook
INJ needs to reclaim the $7.95–$8.05 zone to show signs of recovery. Failure to regain this area could invite another bearish push toward $7.70 and potentially $7.60.
Trade Strategy:
- Bullish trigger: Strong reclaim above $8.05.
- Bearish confirmation: Breakdown below $7.70.
- Invalidation: Avoid treating a weak bounce as a confirmed reversal.
⚡ Signal View: Short-term bias remains cautious to bearish until buyers reclaim resistance. Watch for a liquidity sweep before considering the next entry.
Trade smart. Protect your capital. Always manage risk.
#INJ
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses #CPITestsDecemberRateOutlook
Injective just recorded a $51.2K long liquidation at $7.845, highlighting fresh downside pressure and showing that leveraged buyers are struggling to defend their positions.
📊 Market Breakdown
- Liquidated Position: Long
- Liquidation Value: $51.2K
- Liquidation Price: $7.845
- Key Pivot: $7.85
- Immediate Resistance: $7.95–$8.05
- Downside Watch: $7.70–$7.60
🎯 My Trading Outlook
INJ needs to reclaim the $7.95–$8.05 zone to show signs of recovery. Failure to regain this area could invite another bearish push toward $7.70 and potentially $7.60.
Trade Strategy:
- Bullish trigger: Strong reclaim above $8.05.
- Bearish confirmation: Breakdown below $7.70.
- Invalidation: Avoid treating a weak bounce as a confirmed reversal.
⚡ Signal View: Short-term bias remains cautious to bearish until buyers reclaim resistance. Watch for a liquidity sweep before considering the next entry.
Trade smart. Protect your capital. Always manage risk.
#INJ
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses #CPITestsDecemberRateOutlook