Has the correction ended in $INIT ? A reversal signal appears from a strong bottom!

Technical analysis for INIT coin:

Current price: 0.9091

Highest price in 24 hours: 0.9325

Lowest price in 24 hours: 0.8425

RSI = 42.9 → Near the oversold zone (Excellent technical entry opportunity)

The candles have started to consolidate above MA10

Bollinger Bands are still expanding = the price maintains high volatility

MACD is still showing a declining trend, but the weakness in the downward momentum indicates a potential reversal soon

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Suggested trading strategy:

Entry: 0.89 – 0.91

Stop Loss: 0.84

Take Profit 1: 1.02

Take Profit 2: 1.12

Risk-to-reward ratio: 1:2.5 (Very suitable)

It is advisable to monitor the next candle on the 4-hour timeframe to confirm the reversal.

Why is this trade important?

RSI is in an attractive area for a rebound

The price has consolidated above the moving average

High volatility makes the potential reward significant

A suitable plan for medium-term trading (from 2 to 5 days)

Do you expect that the INIT coin has started to form a bottom?

Or is there more correction before the launch?

Share your opinion with us in the comments