$INIT
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INIT Long Liquidation Alert: $1,145 at $0.84576
A long position worth $1,145 was just liquidated at $0.84576. This sudden drop might scare some traders out, but smart ones are watching closely for a possible bounce.
What’s Happening?
After big liquidations, prices often settle and then recover—especially if there's strong support nearby.
Possible Buy Zone:
Keep an eye on the $0.8200 to $0.8400 range. This area could be a good spot to enter if the price holds.
Profit Target:
If buyers step in, the price might climb back toward $0.8800 to $0.9100.
Risk Management:
To protect your trade, consider setting a stop loss around $0.7950.
Bottom Line:
INIT is at a key level. Watch for signs like increased volume or a trend change—they could signal the next move.