📊 Current situation of INIT/USDT
• Current price: $1.26
• 24h volatility: +13.5%
• Daily peak: $1.36
• Daily bottom: $1.057
⏱️ Technical analysis by time frame
🔹 5-minute frame
• RSI: Approaching overbought territory, indicating that short-term selling pressure may increase.
• MACD: Showing signs of negative divergence, warning of potential slight adjustment.
• Strategy: Be cautious with short-term Long orders; wait for confirmation signals before entering.
🔹 1-hour frame
• Price structure: Currently in a strong bullish trend, but showing signs of creating a short-term peak.
• Resistance: $1.36 (nearest peak)
• Support: $1.20 – $1.22
• Strategy: If the price adjusts to the support area and shows a bounce signal, consider Long orders.
🔹 4-hour frame
• Trend: Strongly bullish with MA lines supporting below the current price.
• Next resistance: $1.40
• Strategy: If the price surpasses $1.36 with high volume, the next target could be $1.40
🎯 Suggested trading strategy
1. Wave Push Phase (currently occurring)
• Observe breakout: Price has exceeded $1.31, heading towards $1.5
• If break $1.5 strongly:
→ Open short-term Long: Entry $1.52–$1.55
→ SL: $1.44
→ TP: $1.7–$2.0
2. Distribution Phase (expected peak)
• Suspected peak area: $1.95–$2.05
• Counter strategy:
→ Open Short: Entry $1.98
→ SL: $2.15
→ TP: $1.4–$1.2
3. Adjustment Phase (if heavily sold off)
• Mid-term Long target:
→ Entry: $1.068
→ SL: $0.8
→ TP: $1.5
4. Confirmation Phase to Return to Uptrend
• If it adjusts to $1.2–$1.3 and then bounces strongly:
→ Can open additional Long confirmation: Entry around $1.32
→ SL: $1.2
⚠️ Short counter order
• Entry: $1.95 – $2.05
• Stop-Loss: $2.15
• Take-Profit: $1.4 – $1.2
• Reason: If the price reaches this area, it could be a short-term peak; Short orders can take advantage of the subsequent adjustment