$INIT is showing positive momentum after short liquidations near $0.19563. Sellers are facing pressure, and another upside attempt could develop if buyers defend support.
$INIT — LONG
Entry: 0.1940 – 0.1960
SL: 0.1890
TP1: 0.2010
TP2: 0.2070
TP3: 0.2140
TP4: 0.2230
The short liquidation activity suggests that bearish traders are losing control around the $0.1956 area. If INIT holds this zone and breaks nearby resistance with volume confirmation, bullish continuation could follow. Since liquidation-driven moves can cool down quickly, a pullback entry is preferable to chasing the top.

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