$INIT — Short Liquidation
INIT bulls are getting an opportunity to fight back! 🟢 A $3.2616K short liquidation at $0.21365 signals pressure on bearish traders. Support is around $0.2100, while resistance sits near $0.2180–$0.2220. 🎯 If buyers reclaim $0.2220, the next upside targets are $0.2300 and $0.2400. Stop-loss: Below $0.2070 for a long setup. Next move: Holding above $0.21365 could encourage another upward push, but rejection near resistance may trigger a pullback.
INIT bulls are getting an opportunity to fight back! 🟢 A $3.2616K short liquidation at $0.21365 signals pressure on bearish traders. Support is around $0.2100, while resistance sits near $0.2180–$0.2220. 🎯 If buyers reclaim $0.2220, the next upside targets are $0.2300 and $0.2400. Stop-loss: Below $0.2070 for a long setup. Next move: Holding above $0.21365 could encourage another upward push, but rejection near resistance may trigger a pullback.