【$INIT Signal】Pullback to Long + Short Squeeze Logic for Second Surge

$INIT On the 1H timeframe, after a historically significant rally, the price is consolidating strongly at a high level. Currently, the price is building a support around 0.105, with the 1H RSI (72.74) pulling back from overbought territory but still in a strong zone, indicating healthy cooling. The key points are: negative funding rate (-0.2739%) + open interest stable at a high level (102 million) + price refusing to drop sharply, which is a typical short squeeze structure, with clear main force support intentions. The 4H chart shows a large bullish candle establishing the trend; currently, it’s a strong correction, waiting for a second ignition.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1045 - 0.1050 (Reason: 1H consolidation support zone and dense buy orders)

🛑Stop Loss: 0.0990 (Reason: Break below the previous low on the 1H and the bottom of the large volume candle body)

🚀Target 1: 0.1125 (Reason: Previous high on the 1H and initial resistance)

🚀Target 2: 0.1185 (Reason: Historical high resistance level; breaking through opens space)

🛡Trade Management:

- Position size suggestion: Light (Reason: Intraday volatility is extremely high, risk is amplified)

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold the remaining position for Target 2. If the 1H candle closes below EMA20 (0.0912), exit all.

Deep logic: Market depth shows buy orders far thicker than sell orders (depth imbalance -1.74%), with large buy orders stacking at 0.1046-0.1047, forming a solid defense line. Open interest remains stable after the price surge, indicating that longs are not withdrawing en masse but holding their positions. The 1H chart is digesting profit-taking; once buying pressure resumes, it can easily trigger a chain reaction of stop-losses among shorts, pushing the price to challenge the previous high. This is a typical momentum relay game.

View real-time market 👇 $INIT

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