breakdown of
$INIT USDT Perpetual Futures (1H Chart) — and it's a wild ride today 🧨📉:
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🧾
$INIT USDT – Perpetual Futures (1H)
💰 Last Price: 0.5659 USDT
🔻 24h Change: -18.94%
📌 Mark Price: 0.5656
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📊 24H Overview
Metric Value Emoji
🔺 24h High 0.7071 🚀
🔻 24h Low 0.5500 ⚠️
🔁 24h Vol (INIT) 152.92M 🔄
💸 24h Vol (USDT) 93.29M 💰
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📉 Price Action (1H Chart)
🔻 Major drop from ~0.7071 to low of 0.5500
📉 Down ~19% = high-volatility capitulation move
🔄 Current zone: Attempting to stabilize around 0.5659
🧱 Key Order Book Levels (Depth Snapshot)
Type Zone Comment
🛑 Resistance 0.5827 → 0.6249 Minor reaction zones
🧱 Strong Resistance 0.6672 → 0.7094 Big wall from earlier top
✅ Support 0.5500 – 0.5403 Bounce spot + volume reaction
📊 Volume & Moving Averages
Metric Value Signal
📦 Last Vol 2.01M Medium-volume candle
🟨 MA(5) 14.98M Price below → bearish pressure
🟪 MA(10) 9.97M Recent drop pushed below both MAs
📈 Total Vol 31.7M High = could mark capitulation bottom
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🔍 Observations
💣 Capitulation wick down to 0.5500, then mild bounce → buyers showed up
🔄 Likely short covering + reactive dip buyers
⚠️ Still in fragile structure unless it reclaims 0.5827+ quickly
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📌 What to Watch Next
✅ Above 0.5827 = short-term relief bounce toward 0.6249–0.6670
❌ Break below 0.5500 = opens danger zone → 0.5200–0.5000 possible
⚖️ Bias: Bearish, with a chance of a bounce if volume holds
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🧠 Add-Ons Available
Want more depth? I can provide:
📐 Fibonacci retracement (0.7071 → 0.5500)
💡 Scalping / reversal strategy
🔥 Liquidation zone estimates
📆 Higher timeframe confluence (4H, Daily)
📉 RSI / OBV / MACD overlays (trend exhaustion signals)
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> INIT just experienced maximum pain 📉 — but with this kind of volume, the next few candles are make-or-break 🧨. Watch closely for a bounce OR dead-cat trap.
#INIT #INIT价格预测 #Tradersleague #BTC110KSoon? #Write2Earn