Massive Short Liquidation Alert
$INJ shorts just got crushed with a staggering liquidation of $7,71.6 at a pivotal level of $25.71
What does this mean
The bears tried to push the price down but faced a dramatic reversal, forcing a significant number of short positions to close. This liquidation highlights strong bullish momentum, with buyers seizing control.
Key Liquidation Details
Liquidation Amount $7.71K
Liquidation Price $25.71
Market Sentiment: Bullish
Why It’s Important
Such a high-value liquidation not only reflects market confidence in INJ but also adds fuel to the rally. Forced short closures create buy-side pressure, often triggering further upward momentum and making $25.95 a critical price marker.
What to Watch Next
1 Next Resistance Levels: $26.50 and $27 could be key targets if the rally sustains.
2. Support Zone: $25.71 may now act as strong support during pullbacks.
3. Volume Surge: Keep an eye on trading volume for confirmation of sustained bullish activity.
Technical Implications:
With such a large liquidation event, momentum traders may look to ride the wave higher, while cautious bears might re-evaluate their positions.
Trader’s Insight
The bulls are charging ahead This is a critical moment to assess risk and reward. Will INJ break further resistance levels, or will the market take a breather? Stay alert, trade smart, and ride the momentum wisely!
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