$INIT Down 18 points in 24 hours, plunging straight from 0.1474 to 0.1070. At 0.1164 now, intraday bears have already unloaded their positions. The 216M in trading volume suggests most panic selling is over, but don’t rush to catch a falling knife with a coin crashing like this—wait for the structure to form.

My plan: No chasing shorts or buying the dip at the current price. I’ll place staggered, small long entries in the 0.1100–0.1120 range, using only 20% of my position, with a stop below 0.1065. If it breaks below the previous low, I’ll admit I’m wrong and exit—no holding on. The first take-profit target is 0.1250, the second is 0.1320; I’ll take half off the table when it reaches the target. If it fails to reclaim 0.1200 on the rebound, that means it’s just a weak bounce, so I’ll close the position immediately and won’t get attached.
Two possible scenarios: First, if the double bottom at 0.1070 holds and it rebounds on increased volume, I’ll add to my position and ride the move. Second, if it consolidates and then breaks below 0.1070, I’ll stay completely on the sidelines and wait for the next support.
As always, position discipline matters more than direction. Even if this trade loses, I’ll only lose two points. I’ll update the result in the comments. #每周来晒 #Gate股票畅聊季