I pulled a lot of money out at 1.2250, where was clear and obvious resistance. Also the volume was so low that the collapse was imminent.
David-Warn
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Bullish
$INIT ALERT: Whales Got REKT — $3,658 Long Liquidated at $1.1344!
The market just ripped through weak hands and punished overleveraged long positions! Over $3.6K in longs liquidated at $1.1344 — $INIT is heating up, and now it's our turn to strike smart!
Technical Analysis: INIT (INIT/USD)
Long Liquidation Level: $1.1344 (Strong Resistance Now!)
Current Market Sentiment: Bearish Flip → Opportunity for Strategic Entry
Entry (Buy) Zone: → $1.08 – $1.12 This range holds crucial support and is a demand zone where smart money could accumulate. Enter only if the price shows consolidation or bullish confirmation.
Targets:
1. $1.17 (First Take-Profit – reclaim of liquidation zone)
2. $1.22 (Bullish continuation – short squeeze possible)
3. $1.28 (Major breakout target if volume supports)
Stop Loss: → $1.045 If INIT breaks below this level with volume, bulls are likely out of steam. Risk management is KEY.
Market Pulse: This isn't just another dip — it's a setup. The liquidation wick signals weak hands getting flushed. If INIT holds the $1.08–$1.12 range, we might see a sharp rebound as trapped shorts start to cover.
Your Move? Patience. Precision. Profits. Watch for volume, structure, and timing — $INIT is loading for a move. Don’t chase, position like a sniper.
#INIT #BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.