$INIT Plunge of 50%! A whale sold $500,000 in half an hour, who is the 'guillotine' aimed at?
The drop is relentless, the rebound is snail-like—INIT's fifteen-minute chart reveals the 'guillotine', who is the dog's scythe aimed at?
I. Latest news!
1. The project team unlocked 5 million tokens: community evidence, INIT team's wallet unlocked 5 million tokens (current price $0.62, about $3.1 million), clearly stating: "Leeks hurry to take over!" The coin price was directly halved, retail investors are crying in the bathroom.
2. A whale sold 800,000 tokens in half an hour: BSC chain monitoring shows that a large holder deposited 800,000 INIT (about $496,000) into the exchange, marked on-chain as "high-risk sale", either insiders are fleeing, or they are cutting the last piece before it goes to zero.
II. Three major obstacles in technology!
1. Price: Vertical drop, all support levels are paper thin, the fifteen-minute line crashed from $0.8983 to $0.62, key levels like $0.88, $0.80, and $0.73 turned to cannon fodder. No rebound drop = retail investors cut losses + project team dumping, $0.62 is the last cover, breaking below directly looks at $0.5 (starting line for zero).
2. Trading volume: Volume breaking levels, leeks lining up to jump into the pit, previous trading volume was 6.11 million tokens, slightly lower than the 5-day average of 7.29 million but higher than the 10-day average of 5.48 million. Volume breaking levels + average volume divergence indicates that the main force is crazily unloading, while retail investors are still catching flying knives!
3. MACD + moving averages: False golden cross specifically targets technical analysts, MACD: DIF (0.0084) false golden cross DEA (0.0038), MACD柱 (0.0092) slightly red, yet the coin price plummeted 20%, a typical "trap for the greedy"!
4. Moving averages: MA5 dead cross MA10, price is compressed into a leek pancake by moving averages. Remember, in a downtrend, moving averages are the ceiling, rebounding means escape!
I am Tang Seng, top team support, only serving those with vision and ambition!