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$ETH INIT Long Liquidation Alert

Liquidated Amount: $2,772.10

Price: $0.76094

I'm watching INIT closely after a sizable long liquidation just hit the tape — a clear sign of market stress at the $0.76 level.

Support Zones:

$0.735 (strong buyer interest)

$0.710 (critical psychological floor)

Resistance Levels:

$0.778 (previous high and profit-taking zone)

$0.805 (breakout barrier)

Market Insight:

That liquidation wick may have shaken out weak hands.

INIT is currently hovering near key support.

Volume is tapering, suggesting a potential base is forming.

If bulls step in here, we could see a quick rebound.

Trading Tips:

Tip 1: Buy zone sits between $0.735–$0.745 for low-risk entries.

Tip 2:

Consider taking profits near $0.778–$0.80 if momentum picks up.

Tip 3:

A clean break above $0.805 with volume? That’s your signal for a breakout play.

I'm positioning for a bounce but keeping stops tight. Let the chart lead.

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