$INIT Just Got Rocked by $2.38K Long Liquidation at $0.8755!
Is this the calm before the bullish storm or the start of a deeper correction?
Market Shook. Whales Panicked.
$INIT faced a massive shakeout, wiping out over $2.38K in long positions at the crucial level of $0.8755. That’s not noise — that’s a signal.
Technical Analysis (TA Breakdown):
Chart Insight:
The liquidation zone at $0.8755 is now a key psychological support.
Price dipping into this zone could mark a bounce-back opportunity if volume supports it.
RSI nearing oversold, hinting at reversal probability.
Buy Zone (Accumulation Range):
$0.8420 – $0.8700
This is the sweet spot to watch for entries — if support holds, smart money will start reloading here.
Targets:
Target 1: $0.9280 — Fill the liquidity gap left post-liquidation.
Target 2: $0.9815 — Previous resistance + Fibonacci 0.618 level.
Moon Target: $1.0650 — Breakout if bulls gain momentum and volume spikes.
Stop Loss:
$0.8240
A close below this zone could open the door for further downside — protect capital.
Narrative:
Big players just got liquidated — and that often signals a bottom. When liquidity is grabbed, market makers usually reverse direction. Eyes on volume and price action near $0.8700. If support holds, this could be a hidden gem ready to shine.
Final Words:
Watch $INIT like a hawk. This might be the trapdoor fall before a parabolic rise. Don’t just follow the hype — follow the footprints of whales who just got rinsed.