🚨 Potential Trading Alert for INIT Coin!
📈🔥🚀⚡
Comment: Initia (INIT) continues to shine on the Binance platform with a strong increase of +10.21% over the last 24 hours, reaching a daily high of $0.9474. It is currently experiencing a slight decline in the current price of $0.89, which represents an opportunity for investors who missed the previous wave.
📊 Trading Setup:
🎯 Entry Price: $0.89
🎯 Price Targets:
🟠 $0.95
🔴 $1.05
💀 $1.15
🚫 Stop-Loss Limit: $0.85
📈 Risk-to-Reward Ratio: High | Reward = Potential
📈 📉 Technical Indicators:
• RSI: At 65, near the overbought area with momentum remaining.
• MACD: Positive crossover supporting the continuation of the upward trend.
• CMF: Positive confirming strong buying liquidity and additional support for the upward trend.
• Price Pattern: Formation of a "round base" that may open the door for more upward movement.
🔍 Important Levels:
• Major Support: $0.85 — maintaining this is essential for continuing momentum.
• Current Resistance: $0.9480 — breaking this may push INIT above $1.00 soon!
📌 Notes:
• A significant increase in trading volumes confirms investor interest in the coin.
• Stability of INIT above $0.85 will enhance the likelihood of reaching upcoming targets.
⚡ Important Note:
Beware of sudden price fluctuations — don't forget to manage risks wisely!
📢 What do you expect for INIT Coin in the coming days? Are we seeing new peaks?
Share your opinion!
