$INIT Short Liquidation Alert!
$10K in shorts liquidated at $1.1147 — Bears just got wiped clean!
$INIT just launched with power, smashing through resistance and triggering a high-impact short squeeze. This kind of move signals strong buyer interest — and momentum could build fast from here.
Key Levels to Watch:
Resistance: $1.18 — breaking this could ignite a rally toward $1.25
Support: $1.08 — needs to hold for bulls to stay in control
Next Move:
Breakout above $1.18? Likely continuation — momentum traders, stay ready
Pullback to $1.08 with bounce? Potential solid entry zone
Drop below $1.08? Bull case weakens — step back and wait
$INIT just made a statement. Shorts are underwater, and bulls are pressing hard.
Eyes on the chart — this could be just the beginning.
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