A significant short position in Injective ($INJ ) was liquidated at $14.52061, indicating notable market activity. As of now,

INJUSDT
Perp
15.215
+1.66%
$INJ is trading at approximately $15.15.
Key Level to Watch:
Support Zone: $14.52 – This level, where the recent liquidation occurred, may act as support.
Resistance Zone: $15.30 – The day's high, which could serve as immediate resistance.
Trading Strategy:
Buy Zone: Consider entering around $14.52 if the price retraces to this support levels.
Target: Aim for $15.30, the recent high, as the initial target.
Stop Loss: Place a stop loss slightly below the support, for instance, at $14.00, to manage potential downside risk.
Risk Management:
Given the volatility in INJ, it's essential to use prudent risk management strategies. Only invest what you can afford to lose, and consider setting stop-loss orders to protect your capital.
*Disclaimer: This information is for educational purposes and should not be considered financial advice. Always conduct your own research before making investment decisions....
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