BOOM! Longs Just Got Wrecked!
$INIT /USDT saw a MASSIVE Long Liquidation worth $3,566.7 at $1.2533 — the bulls weren’t ready for this drop!
But guess what? Where others see panic, smart traders see OPPORTUNITY!
Here’s Your Fresh $INIT /USDT Trade Setup:
Buy Zone:
$1.17 – $1.25 (High confluence zone + liquidation wick support)
Targets:
1. Target 1: $1.38 (Minor resistance & profit-booking zone)
2. Target 2: $1.52 (Strong psychological and Fibonacci resistance)
3. Target 3: $1.69 (If bulls charge, this is the golden breakout level!)
Stop Loss:
Below $1.13 (Break of structure + invalidation of support)
Why This Matters?
Longs liquidated = Liquidity grabbed
Price dipped into key support = Smart money accumulation
Volume spiked = Possible reversal brewing
Warning: Don’t FOMO. Let price react in the buy zone first!