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🧱 $INIT /USDT — 🔴 SHORT · Conf 65%
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📍 Entry: 0.129082 – 0.129858

🛑 SL: 0.133300

🎯 TP1: 0.122996
✅ TP2: 0.117817
🏆 TP3: 0.110050

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🔎 1H structure remains lower highs and lower lows, with price pinned below the EMA20. Even after a 15.65% drop, the funding rate is still positive (+0.0050%)—longs are still passively holding, and there's been no capitulation flush yet.

🧠 $INIT : Initia is a modular Rollup interoperability layer. On Oct 23, a MoveVM vulnerability halted the L1 and all connected rollups. The foundation has approved a bailout to restore 1:1 iUSD backing, but the restart date is still unconfirmed. The time gap between a dead chain and a live token is the core contradiction in this pricing.

💬 If the foundation's asset restoration plan lands before the chain restarts, should INIT be priced at "recovered net asset value" or at a "risk-free discount for the downtime"?

#INIT #Initia #Rollup #iUSD #AssetRestoration