$INIT is showing a conditional rejection-short setup if price fails to reclaim the $0.252–$0.255 area, where the reported short liquidation at $0.25242 marks a nearby level to watch. The liquidation print alone does not confirm resistance, so sellers must demonstrate rejection before entry.
EP: $0.250–$0.255
TP1: $0.245
TP2: $0.240
TP3: $0.235
SL: $0.259
Watch for a failed breakout followed by lower highs and renewed selling pressure; nearby downside liquidity could attract price toward $0.240. If buyers reclaim and hold above $0.259, the short thesis is invalidated. The latest quote I found does not reconcile with the supplied liquidation price, so verify the exact Binance futures pair before using these levels.
EP: $0.250–$0.255
TP1: $0.245
TP2: $0.240
TP3: $0.235
SL: $0.259
Watch for a failed breakout followed by lower highs and renewed selling pressure; nearby downside liquidity could attract price toward $0.240. If buyers reclaim and hold above $0.259, the short thesis is invalidated. The latest quote I found does not reconcile with the supplied liquidation price, so verify the exact Binance futures pair before using these levels.