$INIT Can we still short? Yesterday, Caibao said to watch | 菜包顶级策略 on Binance Square

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菜包顶级策略

--Bullish

$INIT Can we still short?

Yesterday, Caibao said to watch the 0.20 and 0.22 levels, but the major players pushed the price straight past the previous high. Those who chased shorts yesterday got badly shaken out again!

INIT's current market action is pretty interesting. The funding rate is still at -0.92%, with settlements every hour, which shows that a large number of short sellers are still holding their positions and bearish sentiment is strong.

What's even more interesting is that this rally wasn't driven by any obvious positive news. It was simply a case of using capital to push the price up and squeeze the shorts. After the pullback in the early hours, intraday trading volume started to rise again, suggesting that capital hasn't fully withdrawn. If the market makers keep control, they could easily wear down short sellers through volatility—or even suddenly push the price up, forcing highly leveraged short positions to close en masse.

So Caibao thinks there's still room for a short-term rise. If you're mainly trading swings, you can follow the flow of capital and go with the trend. At the current price of 0.25, you could open a small long position, and take profit once you're up around 70%!

菜包顶级策略

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Bearish

Which other altcoins have potential? $INIT is worth keeping an eye on!

INIT has now risen to near its daily-chart resistance, and people are still asking whether Caibao can go long here. The answer is definitely no!

Looking at the daily chart, the price fell all the way from a high of 0.2577 to around 0.12—a substantial drop. Then yesterday it quickly bounced from the lows back to around 0.23, which suggests buyers stepped in at lower levels. But the short-term rally was too sharp, and the price started to pull back slightly after reaching daily resistance.

Now let’s look at the flows: spot funds have continued to flow out, suggesting some investors may already be quietly taking profits at these high levels. Funding rates are still negative, indicating strong bearish sentiment. The market makers may well engineer another wick to liquidate leveraged traders on both sides.

Looking at the open-interest structure, most positions are newly opened longs, which suggests many people only entered after the price had already risen. So chasing the rally or trying to call the top now both carry risks. The most likely scenario is an upper-wick spike that liquidates short positions, followed by a sharp dump as they sell off.

So Caibao’s advice is to focus on whether 0.20 can hold and whether 0.22 can be decisively broken. If the price can’t hold above or break through these levels convincingly, you can confidently go short [this means the market makers have already exited].