📊 Technical analysis of INIT at the price level of 0.80 USD
1. Short-term trend (1H – 4H):
• Strong uptrend: INIT has increased more than 20% in the last 24 hours, reaching a daily high of 0.799 USD.
• High trading volume: 24-hour trading volume reached about 245 million USD, indicating significant interest from the market.
2. Resistance and support:
• Near resistance: 0.80 – 0.82 USD
• Near support: 0.75 USD
3. Technical indicators:
• RSI: The RSI index is at a high level, indicating that INIT may be in the overbought zone, posing a potential for short-term adjustment.
🧠 Evaluation of the effectiveness of opening a Short at 0.80 USD
Advantages:
• Strong resistance zone: 0.80 USD is an important resistance area; if the price cannot surpass it, a correction may occur.
• Overbought signal: High RSI indicates potential for short-term adjustment.
Risk:
• Strong uptrend:
Below is the expanded trading strategy and management for Shorting INIT at the 0.80 USD level:
1. Success probability and market sentiment
• The current market sentiment is extremely FOMO with a strong influx of money into INIT. Therefore, shorting at the peak range of 0.80–0.82 is only suitable for short-term trading, based on the potential for technical adjustment.
• Estimated Risk/Reward ratio:
• SL 0.83, Entry 0.80 → Risk 0.03
• TP1 0.75 → Reward 0.05 → RR = 1.67
• TP2 0.70 → Reward 0.10 → RR = 3.33
=> Feasible if entered at the right time and there are signals confirming weakness.
2. Order management strategy
• Do not enter a trade if the 1H closing price > 0.805
→ At this point, FOMO continues and the uptrend persists, making it unsuitable to short.
• If entering a trade at 0.80–0.81, you can split the order:
• 50% TP at 0.75 to ensure safety
• Hold 50% until 0.70 if there are clear signs of weakening (volume decreases, RSI breaks)
• Quick exit alert if RSI < 50 and breaks the short-term EMA on the 15m or 1H timeframe.
WARNING INVESTORS – SHORT TRADING INIT
1. Current trend:
INIT is in a strong uptrend, with large funds pushing the price above the nearest resistances.
Volume and market sentiment are FOMO-driven, easily causing strong and sudden fluctuations.
2. Risks when opening a Short:
Shorting against the uptrend always carries high risk.
If INIT exceeds 0.805 – 0.82, it may trigger further buying pressure and push the price to 0.85–0.90.
Holding a Short position without confirming reversal signals (such as decreasing RSI, rejection candles, negative divergence…) is a reckless action.
3. Trading recommendation:
Only consider opening a Short if:
INIT does not surpass 0.80–0.82 after multiple tests.
There are clear technical signals (rejection candle, weakening RSI, decreasing volume).
Stop Loss needs to be set tightly, do not force the trade in a strong trend.
Do not enter a Short without strict discipline and capital control.
Final message:
“Trading against the trend is not wrong – but should only be done when you have an advantage and confirming data. Do not enter a trade just because you feel it has risen too much.”