Current price: 1.2120 USDT (down ~8.6%)
Nearby resistance: 1.2300 | Strong support: 1.1950 – 1.2000
Multi-Timeframe Technical Analysis
15-Minute Frame
• EMA(7) < EMA(25) < EMA(99): Short-term trend remains weak.
• RSI(6) = 30.13: Clearly oversold, need to monitor recovery signals.
• MACD negative and narrowing: Potential for a short-term bottom.
• Volume: Below average → Lacking immediate buying pressure.
→ Evaluation: There is potential for accumulation to form a bottom, not suitable for Short.
1-Hour Frame
• EMA(7) < EMA(25) < EMA(99): Still in a downtrend.
• RSI(6) = 25.17: Deeply oversold, technical recovery potential is increasing.
• MACD negative (-0.0174): Confirms weak trend, but not as strong as before.
• Volume: Below average → Needs more money flow to confirm reversal.
→ Evaluation: Do not open Short when RSI is deeply oversold. Wait for a light recovery to clarify the trend.
4-Hour Frame
• EMA(7) > EMA(25) > EMA(99): Still maintaining medium-term uptrend, the current decline may just be a correction.
• RSI(6) = 40.15: Neutral, no clear reversal warning.
• MACD negative but DIF > DEA: Short-term downtrend may soon end.
• Volume: Remains high → Money flow is entering for bottom fishing.
→ Evaluation: Price is adjusting within a larger uptrend – do not Short.
Daily Frame
• EMA(7) > EMA(25) and RSI(6) = 70.57: Overbought, but no clear bearish divergence signal.
• MACD positive: Still in a long-term uptrend.
• Volume: High volatility, possibly due to profit-taking activity.
→ Evaluation: In a correction phase after a strong uptrend – a good opportunity to monitor Long positions.
24-hour trading strategy: Prioritize Long
Main Plan – Buy (Long)
• Entry point: 1.2000–1.2050 (near strong support + oversold)
• Stop-loss: 1.1780 (below psychological support + old breakout peak)
• Take-profit:
• TP1: 1.2300 (EMA7 4h frame)
• TP2: 1.2600 (EMA99 1h frame)
• Probability of success: ~65%
• Reason: Deeply oversold, correcting towards hard support in the medium-long term uptrend.
Alternative Plan – Buy on strong breakout
• Condition: Price breaks above 1.2300 with high volume
• Entry: 1.2320
• Stop-loss: 1.2190
• Take-profit: 1.2700
• Probability of success: 55–60% (depends on money flow into the US session)
• Reason: If there is a push away from the squeeze zone, strong recovery potential.
Do not recommend Shorting INIT at the current price level.
• Reason:
• RSI 1h and 15m are both oversold.
• Price is near support 1.2000 – 1.1950.
• Medium-term trend (4h – daily frame) remains bullish.
Risk Management
• Minimum R:R ratio: 1:2
• Use moderate leverage (x3–x5)
• Do not use more than 2% of capital for each trade
Conclusion: INIT is in a technical correction after a strong uptrend. Instead of chasing sales, it is advisable to wait for buying opportunities at strong support around 1.2000 if there are signs of price holding and money flow returning.
