$INIT just bounced from 0.1302 toward 0.1411 on the INITUSDT perpetual.
The map from here is simple:
- Overhead: 0.1506-0.156
- Underneath: 0.1302, then 0.121-0.117
I am not calling a side. Volatility is still extreme, the L1 is still halted, and positioning looks two-sided.
If you are trading this perp, are you leaning long or short from here?
Reply with LONG or SHORT, and the level that has to break before you trust it.
Not financial advice.
$INIT #INIT #Initia #BinanceFutures
The map from here is simple:
- Overhead: 0.1506-0.156
- Underneath: 0.1302, then 0.121-0.117
I am not calling a side. Volatility is still extreme, the L1 is still halted, and positioning looks two-sided.
If you are trading this perp, are you leaning long or short from here?
Reply with LONG or SHORT, and the level that has to break before you trust it.
Not financial advice.
$INIT #INIT #Initia #BinanceFutures
