$INIT — BEARISH POSITIONS GET SQUEEZED
$INIT registered short liquidations around $0.10852, showing that sellers faced pressure near this level. Buyers may try to use this momentum for a further recovery.
$INIT — LONG
Entry: 0.1080 – 0.1090
SL: 0.1055
TP1: 0.1110
TP2: 0.1135
TP3: 0.1165
TP4: 0.1200
A sustained hold above $0.10852 could support another upward attempt. The important signal will be whether buyers can defend the area during a retest rather than relying only on the liquidation spike. If INIT loses this region and selling pressure returns, the bullish scenario becomes weaker.
#BitcoinActiveSupplyInProfitDropsBelow45%
#WhoWillSucceedJensenHuangatNvidia?
#TradFiForBeginners
#Binance
$INIT registered short liquidations around $0.10852, showing that sellers faced pressure near this level. Buyers may try to use this momentum for a further recovery.
$INIT — LONG
Entry: 0.1080 – 0.1090
SL: 0.1055
TP1: 0.1110
TP2: 0.1135
TP3: 0.1165
TP4: 0.1200
A sustained hold above $0.10852 could support another upward attempt. The important signal will be whether buyers can defend the area during a retest rather than relying only on the liquidation spike. If INIT loses this region and selling pressure returns, the bullish scenario becomes weaker.
#BitcoinActiveSupplyInProfitDropsBelow45%
#WhoWillSucceedJensenHuangatNvidia?
#TradFiForBeginners
#Binance