Massive Short Liquidation Alert!
$5.3K Wiped Out at $1.0856 on $INIT
The bears just got rekt, and this might be the spark before the wildfire!
What's Happening?
Shorts got liquidated at $1.0856, which means aggressive sellers were overconfident — and are now fueling a potential bullish reversal.
$INIT Technical Analysis (High-Conviction Setup)
Buy Zone:
$1.03 – $1.085 → Strong accumulation spotted here. Buyers are stepping in as liquidations trigger upward momentum.
Resistance Levels / Targets:
Target 1: $1.18 (key breakout level from recent structure)
Target 2: $1.24 (supply zone / local top resistance)
Target 3 (Moon): $1.33 (Fibonacci extension + psychological resistance)
Stop Loss:
$0.995 (below key support, confirms bear continuation if broken)
Factor: 9.5/10
This is not just a bounce — this is liquid fire catching the bears off guard. Momentum traders, scalpers, and breakout hunters — eyes on $INIT
NOTE: Always use tight risk management. This market respects no one.
