Quiet alpha: $INIT is squeezing shorts.
$0.1585 now, up 31.34% with $6.27M volume. Shorts are paying. Funding is -0.696%, and price is above the 20d and 50d MAs. That’s the setup, not a chase.
RSI 72 on 4h is hot, but the +30.2% push came with 1.3x average volume. $ETH isn’t showing this clean momentum right now.
At $0.16, I’d wait for a hold before getting aggressive. That $0.16 level hold or break, which side are you on? 👀🔥📈
#INIT #Crypto #Binance
$0.1585 now, up 31.34% with $6.27M volume. Shorts are paying. Funding is -0.696%, and price is above the 20d and 50d MAs. That’s the setup, not a chase.
RSI 72 on 4h is hot, but the +30.2% push came with 1.3x average volume. $ETH isn’t showing this clean momentum right now.
At $0.16, I’d wait for a hold before getting aggressive. That $0.16 level hold or break, which side are you on? 👀🔥📈
#INIT #Crypto #Binance