$INIT /USDT — The $3.61K long liquidation at $0.11096 indicates selling pressure from liquidated long positions. INIT is trading near $0.1245 after a sharp 56% drop in 24 hours. Funding is deeply negative, suggesting heavy short positioning. Short-term momentum remains bearish, while a potential recovery is possible. CoinGlass +2
EP: $0.1120–$0.1180 (Long only after support confirmation) TP1: $0.1350 TP2: $0.1495 TP3: $0.1726 SL: $0.1070
A recovery above $0.1419 could improve the short-term outlook. If $0.1120 breaks, further downside is possible. Extreme volatility — wait for confirmation before entry.
#MSCIRemovalMayCurbStrategy’sBitcoinBuying $INIT
EP: $0.1120–$0.1180 (Long only after support confirmation) TP1: $0.1350 TP2: $0.1495 TP3: $0.1726 SL: $0.1070
A recovery above $0.1419 could improve the short-term outlook. If $0.1120 breaks, further downside is possible. Extreme volatility — wait for confirmation before entry.
#MSCIRemovalMayCurbStrategy’sBitcoinBuying $INIT
