$INIT
INIT
0.0924
-8.06%
Building Base After Sell-Side Liquidity Sweep
$INIT swept sell-side liquidity at the recent low, signaling seller exhaustion. Buyers absorbed supply and price bounced, now consolidating to form a higher low and base structure.
15m Structure
• Liquidity sweep at local low
• Higher low forming
• Resistance zone above current range
• Liquidity resting above range high
EP: Buy on pullbacks near support zone
TP:
TP1: Range resistance
TP2: Upper liquidity zone
TP3: Previous swing high
SL: Below sweep low
Bias: Bullish while holding above sweep level
A clean reclaim of range resistance can accelerate price toward upper liquidity.
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