$INIT Just ten minutes ago, it wicked down to 0.1096. Now it's at 0.1311, down 46% in 24 hours. This isn't a pullback—it's a slaughter.

I've been watching the order book all morning. The entire 555M in trading volume is bloodied supply. The people who chased longs above 0.24 this morning have already seen their accounts cut in half. The strangest thing is the pace of the drop—no bounce, no quick wick back up, just a combination of a steady bleed and a sharp plunge. A textbook case of liquidity fleeing and leveraged positions cascading into liquidations. The money flow is clear: large orders are setting up sell walls around 0.13, while retail traders are buying in with small orders. This structure shows the big players haven't finished exiting yet. Don't rush to buy the dip.
Two possible scenarios: if this intraday low of 0.1096 holds, we could see an oversold bounce to the 0.15–0.16 range this afternoon. That's an escape hatch for trapped holders, not an entry point for you. If 0.1096 breaks, the next stop is straight to 0.09, with no meaningful support in between. Buying in here is like catching a falling knife.
Here are my firm recommendations: if you're flat, sit tight and wait for 0.1096 to show a confirmed base. If you're holding a position, trim near 0.15 on a bounce. Don't fantasize about a return to 0.24. Set your stop loss at 0.105 and exit without hesitation if it breaks. Keep your position under 5% of your total capital—going heavy in this kind of volatility is just giving your money away. I already canceled the order I placed at 0.14 this morning. With a chart like this, I'd rather miss out than make a bad trade.
After this sell-off in INIT, short-term sentiment will need at least two or three days to recover. I'll post real-time alerts on unusual moves in the group throughout the day. If you want to see where the next wick will strike, follow so you don't fall behind.
The countdown begins: the European session opens in 2 hours. We'll know within these 2 hours whether 0.1096 holds. Comment “hold” or “break,” and I'll tally the long/short ratio before the open. #每周来晒 #Gate广场中秋团圆局