$INIT is Waking Up — Time to Ride the Wave
A sudden short liquidation worth $5.1K at $0.7226 has sent a strong signal across the board. The bears tried to push it down, but the market snapped back with force. This kind of flush often marks the bottom of a local downtrend — and smart money knows it.
Here’s the breakdown:
Buy Zone:
$0.6950 – $0.7150
This is the accumulation zone where previous demand reacted strongly. Price dipped just enough to liquidate over-leveraged shorts and instantly recovered, a classic trap to fuel a rally.
Target Levels:
Target 1: $0.7550
Target 2: $0.7850
Target 3 (extended): $0.8300
Each level aligns with recent resistance flips and Fibonacci retracement clusters from the prior high.
Stop Loss:
$0.6840
Below this level, bullish momentum is invalidated. This ensures capital protection if the setup fails.
Analysis Summary:
$INIT has just flushed weak hands out of the market. The short liquidation at $0.7226 wasn’t random — it was a reset. With volume rebounding and price reclaiming key levels, this could be the beginning of a new leg up. Watch for consolidation above $0.7150. If bulls hold this level, INIT may ignite a momentum run toward $0.83 in the coming sessions.
