$INIT The Momentum Is Dead. Big Short!
Family. Look at this 4-hour chart. The parabolic run just hit a brick wall.
$INIT had a massive vertical pump to $0.395, but look at what happened next. A violent, brutal rejection. The buyers are completely exhausted. It is currently sitting at $0.217, down from the highs, and the structure is breaking.
Why I'm shorting right now
That massive upper wick at $0.395 is a classic distribution signal. The smart money used the enormous volume to dump their bags on the retail crowd that chased the top. The lower highs are forming, and the momentum has officially flipped.
When a parabolic move loses its steam like this, gravity takes over fast. We are heading straight back to the base.
The Big Short Setup
· Entry: $0.215–$0.220 (CMP)
· Target 1: $0.195
· Target 2: $0.175
· Target 3: $0.150
· Target 4: $0.125 (The base)
· Stop Loss: $0.240 (Strictly above the recent lower high)
I'm short. The family is short. Are you opening the short with us?
Family moves together. Let's eat.
NFA DYOR
Trade here 👉🏻 $INIT
Family. Look at this 4-hour chart. The parabolic run just hit a brick wall.
$INIT had a massive vertical pump to $0.395, but look at what happened next. A violent, brutal rejection. The buyers are completely exhausted. It is currently sitting at $0.217, down from the highs, and the structure is breaking.
Why I'm shorting right now
That massive upper wick at $0.395 is a classic distribution signal. The smart money used the enormous volume to dump their bags on the retail crowd that chased the top. The lower highs are forming, and the momentum has officially flipped.
When a parabolic move loses its steam like this, gravity takes over fast. We are heading straight back to the base.
The Big Short Setup
· Entry: $0.215–$0.220 (CMP)
· Target 1: $0.195
· Target 2: $0.175
· Target 3: $0.150
· Target 4: $0.125 (The base)
· Stop Loss: $0.240 (Strictly above the recent lower high)
I'm short. The family is short. Are you opening the short with us?
Family moves together. Let's eat.
NFA DYOR
Trade here 👉🏻 $INIT
