Sorry for Being a Bit Late, Guys! My $INIT Trade Plan Is Ready 🚨
OI-weighted funding remained extremely negative during INIT's rally, reaching nearly -0.60%, but recently started recovering towards zero and positive territory. This is an important change to watch because a bounce could trigger another short squeeze. OI also dropped from around $90M to $82M after the rejection, showing significant position reduction.
Futures CVD is deeply negative (-$110.1M on 15m and around -$209.7M on 1h), while spot CVD remains positive (+$25M on 15m and +$14.5M on 1h). Orderbook delta is weak, with overall delta at -$339.7K and futures delta at -$559.1K on 15m. Spot delta is still positive at +$38.1K.
The 12h and 24h liquidation heatmaps show major liquidity around $0.105-$0.107 below price, followed by another cluster near $0.093-$0.095. Above, I'm watching $0.123-$0.130 first, then the larger liquidity area around $0.135-$0.145.
Hourly data show around $6.05M in net futures outflow and $69.7K in spot outflow. Across 24h, futures are down around $5.5M while spot is positive by $176.1K. Futures selling is much stronger, but spot is absorbing some of that pressure. So I don't expect a straight drop without a fight.
My bias remains bearish, but I'm not ignoring the squeeze risk. Top trader position ratio is around 1.351, favouring longs, and funding has been recovering. I want price to bounce into a higher resistance zone and show rejection before considering a short.
My $INIT short plan:
Current Entry: $0.1180-$0.1220
Recommended entry zone: $0.1280-$0.1320
Maximum upper entry: $0.1350-$0.1400
TP1: $0.1127
TP2: $0.1060
TP3: $0.0935
SL: $0.1460
Once price reaches either entry zone, wait for a confirmed 15m bearish candle, with futures CVD weakening and selling pressure returning. If price spends more time consolidating around the zone, wait for a 30m or 1h confirmation. No confirmation, no trade.
OI-weighted funding remained extremely negative during INIT's rally, reaching nearly -0.60%, but recently started recovering towards zero and positive territory. This is an important change to watch because a bounce could trigger another short squeeze. OI also dropped from around $90M to $82M after the rejection, showing significant position reduction.
Futures CVD is deeply negative (-$110.1M on 15m and around -$209.7M on 1h), while spot CVD remains positive (+$25M on 15m and +$14.5M on 1h). Orderbook delta is weak, with overall delta at -$339.7K and futures delta at -$559.1K on 15m. Spot delta is still positive at +$38.1K.
The 12h and 24h liquidation heatmaps show major liquidity around $0.105-$0.107 below price, followed by another cluster near $0.093-$0.095. Above, I'm watching $0.123-$0.130 first, then the larger liquidity area around $0.135-$0.145.
Hourly data show around $6.05M in net futures outflow and $69.7K in spot outflow. Across 24h, futures are down around $5.5M while spot is positive by $176.1K. Futures selling is much stronger, but spot is absorbing some of that pressure. So I don't expect a straight drop without a fight.
My bias remains bearish, but I'm not ignoring the squeeze risk. Top trader position ratio is around 1.351, favouring longs, and funding has been recovering. I want price to bounce into a higher resistance zone and show rejection before considering a short.
My $INIT short plan:
Current Entry: $0.1180-$0.1220
Recommended entry zone: $0.1280-$0.1320
Maximum upper entry: $0.1350-$0.1400
TP1: $0.1127
TP2: $0.1060
TP3: $0.0935
SL: $0.1460
Once price reaches either entry zone, wait for a confirmed 15m bearish candle, with futures CVD weakening and selling pressure returning. If price spends more time consolidating around the zone, wait for a 30m or 1h confirmation. No confirmation, no trade.
