$INIT LIQUIDATION MAP: SHORTS ARE THE MAIN TARGET ABOVE $0.25
$INIT is showing an interesting setup after its recent recovery.
Price is currently around $0.2411, approaching the recent high near $0.24399.
Short liquidation liquidity:
$0.25288: ~$164K in short liquidations.
Short magnet strength: 10.6
Long liquidation liquidity:
$0.20383: ~$198K in long liquidations.
$0.19253: ~$180K in long liquidations.
Long magnet strength: 5.9
The short-side magnet strength is noticeably higher than the long side.
If $INIT breaks above $0.244 and maintains momentum, the $0.2529 area becomes an important upside level. A move toward it could trigger short liquidations and add fuel to the rally.
But if price gets rejected near the recent high, the $0.2038 zone is an important downside liquidity area to watch.
#INIT
$INIT is showing an interesting setup after its recent recovery.
Price is currently around $0.2411, approaching the recent high near $0.24399.
Short liquidation liquidity:
$0.25288: ~$164K in short liquidations.
Short magnet strength: 10.6
Long liquidation liquidity:
$0.20383: ~$198K in long liquidations.
$0.19253: ~$180K in long liquidations.
Long magnet strength: 5.9
The short-side magnet strength is noticeably higher than the long side.
If $INIT breaks above $0.244 and maintains momentum, the $0.2529 area becomes an important upside level. A move toward it could trigger short liquidations and add fuel to the rally.
But if price gets rejected near the recent high, the $0.2038 zone is an important downside liquidity area to watch.
#INIT
