Market Shock: $INIT /USDT Sees $16.7K Long Liquidation at $1.2800!
The bulls just took a heavy hit! A massive $16,695 worth of long positions were liquidated at $1.2800, shaking weak hands out of the market. But this bloodbath could be the golden entry for smart money.
Technical Analysis: $INIT /USDT
Current Price Region: Hovering near $1.28, post-liquidation dip.
Volume Spike: Confirmed seller exhaustion with long wick rejection — sign of reversal brewing!
Buy Zone (Accumulation Zone):
$1.1900 – $1.2600
This zone has proven historical support and now shows high liquidation, indicating capitulation. Ideal for dollar-cost averaging entries.
Stop-Loss (Risk Management):
$1.1400
Placed just below the structure support; if broken, trend likely shifts to deeper downside.
Target Zones (Upside Potential):
1. Target 1: $1.3900 (Reclaim of key level + minor resistance)
2. Target 2: $1.4700 (Previous swing high – likely retest)
3. Target 3: $1.5900 (Major breakout zone if momentum continues)
Why This Setup is Thrilling:
Liquidation events often signal local bottoms – smart money steps in as weak hands are flushed out.
RSI and OBV indicate bullish divergence — the storm might be over!
News and sentiment starting to flip — perfect recipe for a surprise pump.
Warning:
High volatility expected. Stick to stop-loss and position sizing. Use trailing stop if target 1 hits.
Verdict:
This isn’t just a dip… it’s a trapdoor for gains. $INIT /USDT might just be gearing up for a monster bounce. Eyes on volume — when it spikes again, the rocket could ignite!