ALERT: $INIT Blood on the Charts – $28.19K Longs Liquidated at $0.9610!
The market just shook off weak hands – $28K in long positions flushed out at $0.9610, and what comes next could be the perfect storm for a breakout!
Technical Analysis – Unique Setup:
Buy Zone:
$0.9100 – $0.9400
(Major liquidity pocket + psychological rebound zone after long liquidation)
Target 1: $1.0200
Target 2: $1.0800
Target 3 (Moonshot): $1.1500
(Aligned with Fibonacci extension + historical resistance zones)
Stop Loss: $0.8850
(Below strong demand base – protects against false breakdowns)
Why This Setup Is FIRE:
Long Liquidation = Reversal Potential: Smart money often enters where retail exits. Liquidation at $0.9610 signals that sellers may be exhausted, and a bounce is brewing.
Oversold RSI + Hidden Bullish Divergence forming on the 1H chart.
Volume spike during liquidation = potential whale shakeout.
Play it smart, set tight stops, and watch $INIT fight back!
