$INIT /USDT
🔍 INIT/USDT Market Snapshot
Current Price: $0.5336 (down -1.88%)
24h High: $0.5821
24h Low: $0.5239
Volume (24h):
INIT: 36.58M
USDT: 20.25M
Exchange: Likely Binance (may be a typo as "NANCE")
Timeframes Provided: 15m, 1h, 4h, 1D
Order Book Depth Levels:
Resistance: $0.8502, $0.6347
Mid Price: $0.5336
Support: $0.4682, $0.4192
🛠️ Trade Setup: INIT/USDT
🔹 Technical Structure
Price is currently consolidating around $0.53, not far from its 24h low → potential bounce zone.
Previous resistance at $0.6347 may become the next challenge if price moves up.
Key support levels: $0.4682 and $0.4192
✅ Bullish Trade Setup (Buy the Dip Play)
Entry Zone: $0.52–$0.53 (very close to current price)
Stop Loss: $0.46 (just under key support)
Target 1: $0.63 (mid resistance)
Target 2: $0.85 (major resistance level)
Risk/Reward Ratio: ~1:2 to 1:4 depending on exit strategy
📌 Ideal for swing traders if volume remains stable or increases.
❌ Bearish Trade Setup (Fade Resistance)
Entry Zone: $0.63–$0.85 (if price rallies and stalls below major resistance)
Stop Loss: $0.88+
Target 1: $0.53
Target 2: $0.46
🔄 Indicators to Watch
RSI: If <30 on 4H or 1D = oversold → buy signal
MACD: Look for bullish crossover on 1H/4H
Volume: Rising volume with price = trend confirmation
⚠️ Caution
Low-cap altcoins like INIT may have high volatility and slippage.
Confirm price action at support with candlestick patterns (hammer, engulfing, etc.)
Keep position sizes small unless strong confirmation occurs.
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