Post

$INIT SHORT SETUP — BEARS TAKING OVER!



Entry: 0.17577
SL: 0.19000

TP1: 0.16818
TP2: 0.15500
TP3: 0.14500

$INIT is facing heavy selling pressure after a sharp rejection from 0.28457. Buyers are struggling to defend the 0.17500 area, while lower highs suggest further downside. A breakdown below 0.16818 could accelerate the decline toward 0.14500.

Invalidation: A sustained recovery above 0.19000 weakens the bearish setup.
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
INITINIT-2.53%

  • 1

Add a comment
Add a comment

Comment 6
ArtAppreciator
the 0.16818 level as TP1 feels arbitrary, no volume shelf there, just a number.
APYThermometer
0.28457 rejection looking like a classic 2021 pixel dump vibe.
Future Whale
With trading volume this high, it's clearly a shakeout—it’s bound to go up
StockCryptoBrick
stat arb between this and spot would be a nightmare, spreads too wide.
FlagRider
which timeframe you seeing this flag on, 4H or daily?
GasRefunder
0.17577 entry with that tight stop? gas on this chain gonna eat half the profit if it chops.