Massive $INIT Short Liquidation Alert!
$3.59K Wiped Out at $1.0888!
The Bears Just Got Burned... and Bulls Might Be Loading Up!
Get ready, $INIT is heating up! After a major short liquidation at $1.0888, momentum is shifting. Here's your full technical breakdown:
Buy Zone:
$1.0550 – $1.0880
(Accumulation zone where bulls could start entering before the next leg up.)
Entry Idea:
Start DCA (dollar-cost averaging) near $1.06, wait for confirmation above $1.10 for aggressive entry.
Targets:
Target 1: $1.18 (Resistance flip)
Target 2: $1.27 (Breakout point)
Target 3: $1.34 (High momentum zone – Take major profits)
Stop Loss:
Below $1.0380 (Key invalidation level – if it breaks down, trend might flip bearish)
Analysis:
That $3.5K short liquidation shows whales are getting squeezed and forced to close positions. This is usually the first sign of a reversal or short-term rally. Volume is likely to spike if INIT clears $1.10–1.11 with strength.
Momentum Indicator:
If RSI crosses 55–60 on 4H chart and MACD flips green, this could fly!
Summary:
Bears are bleeding.
Whales may be loading at the bottom.
Above $1.10 = fire incoming.
Watch Closely: $1.0888 is now the new battleground – if it holds, $INIT is primed for a breakout.
