$INIT – Short Squeeze Alert
Bears are getting caught off guard! $1.3986K in short positions was liquidated around $0.11718, showing a potential bullish momentum shift. INIT needs to defend the $0.1150–$0.1170 zone to keep buyers in control. Support: $0.1150. Resistance: $0.1200, followed by $0.1240. 🎯 Targets: $0.1240 → $0.1300. Stop-loss: Below $0.1120. Next move: A strong breakout above $0.1200 with volume could trigger another short squeeze.
Bears are getting caught off guard! $1.3986K in short positions was liquidated around $0.11718, showing a potential bullish momentum shift. INIT needs to defend the $0.1150–$0.1170 zone to keep buyers in control. Support: $0.1150. Resistance: $0.1200, followed by $0.1240. 🎯 Targets: $0.1240 → $0.1300. Stop-loss: Below $0.1120. Next move: A strong breakout above $0.1200 with volume could trigger another short squeeze.