INJ Long Liquidated — $49K Closed at $14.17 Signals Short-Term Weakness
I was liquidated on a long in INJ — $49,000 closed at $14.17.
This shows significant leverage and short-term selling pressure around this price point.
I'm staying cautious and won't re-enter longs until I see clearer support or a decisive recovery above resistance.
Analysis
Large liquidation at $14.17 implies elevated leverage and potential stop-hunting or momentum exhaustion. Monitor volume, order book depth, and nearby support levels before considering re-entry.
Recommendation
Reduce exposure or avoid fresh long positions for now. Wait for consolidation, reduced leverage in the market, or a clear breakout above resistance before buying.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.