$INIT up call, target $0.175. Below $0.14 I'm wrong.
Funding printed -0.707% per 4h. Shorts pay to hold a position that is already underwater, while price closed at $0.157 and open interest jumped 16.3% in the last 1h. Account long/short sits at 0.56, so the crowd is short.
That carry gets squeezed out fast.
If a 1h close drops below $0.14, I'm wrong.
Which comes first, $0.175 or $0.14?
Funding printed -0.707% per 4h. Shorts pay to hold a position that is already underwater, while price closed at $0.157 and open interest jumped 16.3% in the last 1h. Account long/short sits at 0.56, so the crowd is short.
That carry gets squeezed out fast.
If a 1h close drops below $0.14, I'm wrong.
Which comes first, $0.175 or $0.14?
