$INJ Long Liquidation Alert – $5.86K wiped at $3.73586
A notable long liquidation just hit Injective (INJ) around the $3.73 level, suggesting that overleveraged long positions were forced out of the market. These events often trigger short-term volatility and can create opportunities for disciplined traders.
When long liquidations occur, price usually searches for the next liquidity zone before stabilizing. If sellers remain in control, we could see a further dip before a potential bounce.
📊 Trade Setup Idea
Entry Zone: $3.65 – $3.72
This area sits slightly below the liquidation level and could act as a short-term support if buyers step in.
Stop Loss: $3.55
A break below this level would indicate stronger bearish momentum and invalidate the setup.
Take Profit Targets:
• TP1: $3.90 – First resistance and quick scalp opportunity
• TP2: $4.05 – Previous short-term supply zone
• TP3: $4.25 – If momentum and volume return
💡 Market Insight:
Liquidation clusters often clear weak hands from the market. After this flush, smart money sometimes accumulates at lower levels, which can lead to a relief bounce. Watch volume and price reaction closely before entering.
Stay sharp and trade smart.
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