ALERT: $INIT Short Liquidation Detected – Breakout Imminent?
A wave of short liquidations just hit $INIT, with $8.72K wiped out at $1.0500. The bears got REKT, and that could be the catalyst for a major upside move.
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$INIT Technical Breakdown
Support Zone (Buy Zone):
$0.9800 – $1.0200
Strong accumulation zone
Downside wicks show buyer strength
Prime area for entries
Breakout Trigger:
$1.0600
Clean breakout above this level could kickstart a new uptrend
Momentum likely to accelerate fast
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Upside Targets:
Target 1: $1.1500
Target 2: $1.2800
Moonshot: $1.4200
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Stop Loss:
$0.9400
Invalidation of current bullish structure
Below this, watch for deeper retracement
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Why This Setup Stands Out:
Fresh short squeeze fuels bullish pressure
Rising volume near key resistance = accumulation
Excellent risk-to-reward profile from current zone
Breakout pattern forming – FOMO potential is high
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My Take:
$INIT is heating up. Shorts just got liquidated, bulls are stepping in, and the chart’s telling a breakout story. Watch $1.0600 closely – that’s the ignition point.
Enter smart, protect with a stop, and ride the momentum.
