Massive Short Liquidation Alert on $INIT
A sudden $1.03K Short Liquidation just hit the books at $1.1685 — and the bulls are roaring louder than ever!
What’s Happening?
Bears got caught slipping as $INIT surged past key resistance, liquidating shorts and triggering a bullish momentum wave.
Technical Analysis Zone
Buy Zone:
$1.0800 – $1.1200
(Watch for a retest with volume confirmation – ideal entry after pullback)
Target 1: $1.1850
Target 2: $1.2500
Target 3: $1.3300 (if momentum sustains and BTC stays bullish)
Stop Loss:
Below $1.0450 (structure break & invalidation of short squeeze momentum)
Why This Setup is HOT:
Short squeeze at $1.1685 signals panic from bears
Strong volume spike confirms buyer interest
Higher low structure forming on 4H/1D chart
Momentum indicators flipping bullish (MACD & RSI showing divergence)
Final Words:
$INIT just threw the bears off the cliff! Eyes on the pullback for a perfect sniper entry. Stay smart, manage risk, and ride the squeeze!