$INIT Just Got Hit – Long Liquidations Spotted!
A massive $1,839 in Long Positions got wiped out around $0.8541, signaling strong bearish pressure and a potential shift in market momentum. Smart money might be repositioning – are you ready to capitalize?
Technical Analysis:
Trend:
$INIT has shown signs of weakness after the liquidation dump, but this could create a high-probability reversal zone for swing traders.
Entry Zone (Buy Zone):
$0.820 – $0.845
Price might revisit this area due to panic sells and liquidation wicks. Accumulation in this range is likely if bullish momentum starts building.
Targets:
Target 1: $0.880 – Strong resistance zone
Target 2: $0.910 – Short-term breakout level
Target 3: $0.945 – Major trend reversal target
Stop Loss:
Below $0.805
If price breaks this level, downside pressure could increase sharply. Better to exit early and reassess.
Conclusion:
This liquidation flush might have just created a golden opportunity for those waiting on the sidelines. If $INIT holds the $0.82+ region, a bounce is likely. Stay alert – volatility ahead.