Here's a focused 8hour technical and fundamental analysis for Init Token INIT at the current price of $1.10, optimized for shortterm trading:
* Key Levels Binance Spot & Futures
Support Buy Zones
$1.08 Immediate support recent swing low
$1.05 Strong 4H EMA50 + psychological support
$1.02 Musthold level for bulls
Resistance Sell Zones
$1.12 Immediate resistance recent highs
$1.15 Liquidation cluster breakout target
$1.18 Next psychological resistance
* Technical Indicators 1H/4H
Trend Momentum
RSI 1H: 53 Neutral slight bullish bias
> 70 = Overbought → Pullback likely
> <30 = Oversold → Rebound possible
> MACD 1H: Bullish crossover forming
> Volume: Flat → Needs breakout confirmation
Order Book & Liquidation Levels
Bids Buy Orders: Stacked at $1.08 and $1.05
Asks Sell Orders: Thick at $1.12 and $1.15
Liquidations Coinglass:
Longs liquidated below $1.05
Shorts squeezed above $1.15
* Fundamental Catalysts Next 8 Hours
Bitcoin Correlation: INIT often mirrors BTC. Watch BTC’s $60K level.
INIT Ecosystem News: Check for project updates or partnerships.
Binance Funding Rate: Neutral = No extreme leverage skew.
* Trading Scenarios & Entry/Exit Levels
Bullish Breakout Long Trade
Entry: 1.091.10 on 1H close above $1.12
Targets: $1.15 → $1.18
Stop Loss: $1.07 below support
Bearish Rejection Short Trade
Entry: 1.111.12 rejection + RSI divergence
Targets: $1.08 → $1.05
Stop Loss: $1.13 above resistance
RangeBound Scalping
Buy Dips: Near $1.08 target $1.12
Sell Rallies: Near $1.12 target $1.08
Stop Loss: $0.02 outside range
* Actionable Trade Plan
HighProbability Long: Buy pullbacks to $1.08 with RSI >40 target $1.15.
HighProbability Short: Short rejections at $1.12 with low volume target $1.05.
Breakout Trade: Only enter long above $1.12 with 2x average volume.
* Risk Management
Position Size: ≤1–2% of capital.
Leverage Futures: ≤5x altcoin volatility.
Watch For: BTC price action sudden INIT volume spikes.
Final Verdict
Neutral Bias until $1.12 or $1.05 breaks.
Best Setup: Buy dips at $1.08 or wait for $1.12 breakout confirmation.
🚀
