⚠️ I mistook a sudden price spike on $INIT as a news-driven breakout. There was unusual volume and rapid movement, which I assumed was driven by some positive market update. I entered a Futures long position with 10× leverage, expecting strong upside. But there was no real news—just a classic fakeout or whale manipulation. The price reversed quickly, and without a stop-loss, I took a 30% loss. This trade reminded me of a harsh truth: never trust sudden spikes without verifying real news or fundamentals. Always wait, confirm, and manage risk.
