$INIT Analysis: Why I’m Shorting the Modular Hype 📉📉
The modular narrative on second-tier public chains has been a hot topic lately, but INIT seems to be struggling to maintain its momentum. After a brief surge, we are seeing the classic "pump and dump" pattern repeating itself.
Here is why I am entering a Short position:
1. Weak On-Chain Fundamentals:
Despite the hype, the actual development progress and on-chain metrics for INIT remain inconsistent. The price action appears heavily driven by social media call-outs rather than organic growth or utility. When the hype fades, the correction is usually sharp.
2. Recurring Rejections:
Looking at recent cycles, every time $INIT attempts a major rally, it gets "smashed down" immediately by sell-side pressure. This suggests that large holders are using every pump as an opportunity to exit their positions.
3. Funding Rate & Timing:
This morning, the funding rate reached extreme levels (-2) before switching, signaling a crowded trade. By entering a head position short now, I'm betting on the trend reversal as the market depth thins out.
Trade Details (from the setup):
Entry Target: Around 0.106
Leverage: 5x Cross (Managing risk carefully)
Strategy: Scalping the downward momentum as the modular hotspot cools off.
Risk Warning: High-leverage trading is volatile. Always use a Stop-Loss (SL) and never risk more than you can afford to lose. This is not financial advice, just my personal trade log.
What's your take? Is $INIT a hidden gem or just another hype cycle coming to an end? Let’s discuss below! 👇
#INIT #ModularBlockchain #ShortSignal #BinanceSquare #MarketRebound
Click here to Trade 👇👇👇
