There is a lot of chaos around coin $INIT , and something strange is happening.
On the futures chart, the price reached 0.188, while on the spot chart it reached 0.25.
This difference is caused by the chaos in futures contracts. The drop in the futures market is only happening to close the price gap for long positions and liquidate them.
The pain zone for long positions is at 0.1775.
A drop to 0.1775 is expected in both markets.
Trading long positions is risky right now because there is no liquidity; the highest liquidity is concentrated below.
$INIT
On the futures chart, the price reached 0.188, while on the spot chart it reached 0.25.
This difference is caused by the chaos in futures contracts. The drop in the futures market is only happening to close the price gap for long positions and liquidate them.
The pain zone for long positions is at 0.1775.
A drop to 0.1775 is expected in both markets.
Trading long positions is risky right now because there is no liquidity; the highest liquidity is concentrated below.
$INIT
