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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