$INIT Long Liquidation Just Struck!

A massive $13,111 long position got liquidated at $0.6181 — this drop is shaking out the bulls!

What does this mean?

This liquidation could signal panic selling or a stop-loss hunt by bigger players, possibly setting up for a rebound or a deeper pullback.

What’s next for $INIT ?

Watch the key support around $0.60 — this could be the last line for bulls to defend

If $0.60 holds, we might see a recovery towards $0.65–$0.67

If $0.60 fails, the next support zone is near $0.55

Next move $INIT :

Patience is key. Wait for confirmation at the $0.60 level. If it holds, a buy could offer a good risk/reward. If it breaks, stay on the sidelines and look for a better entry lower.

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