A $1.99K SHORT liquidation just triggered at $0.09, forcing bearish positions to close and reducing short-term selling pressure. Liquidations of this size often act as a momentum catalyst once price holds above the trigger level.

With shorts flushed, $INIT is now trading at a key reaction zone. If buyers maintain control and volume confirms strength, $INIT could extend higher from here. Failure to hold may lead to brief consolidation before continuation.

Trade Setup

EP: 0.088 – 0.092

TP1: 0.098

TP2: 0.108

TP3: 0.125

SL: 0.084

Short liquidations can flip momentum quickly — let price action confirm direction.

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