Current price: 0.6675 USDT
24h Volatility: -17.67%
Volume: 25.5M USDT (strong increase)
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🧠 Multi-timeframe technical signals
🔹 Daily (1D) – Main trend: Strong decline
• MA: MA7 < MA25 < MA99 → clear downtrend structure
• RSI(6): 12.06 → extremely oversold
• MACD: deep downward signal, no signs of reversal yet
• Volume spiked → warning of potential sell-off
🔹 4H – Short-term technical bounce signal
• MA7 is crossing above MA25 → slight bounce signal
• RSI(6): 42.29 → exiting the oversold zone
• MACD: giving positive signals
• Low volume → has not confirmed strong buying power
🔹 1H & 15P – Heavily oversold, no clear reversal yet
• RSI(6): fluctuating around 15–22 → selling pressure still strong
• MACD: negative divergence
• Price remains below short-term MA → should not rush to Long
✅ Trading strategy
🔸 Spot (For long-term investors):
Temporarily should not buy Spot when the main trend is still strongly down.
=> Wait for a clear Daily reversal signal, RSI > 40, MACD creating a new bottom + Volume confirmation.
🔸 Futures (Prioritize short-term orders with risk management):
Scenario 1 – Long technical bounce (high risk):
• Entry: When the price breaks MA25 (0.6867) on the 4h timeframe
• TP: 0.7479 (MA7 Daily)
• SL: 0.6670
• Probability: ~55–60%
⚠️ Only enter when there is a clear breakout with supporting volume
Scenario 2 – Short according to the trend (priority):
• Entry: When the price breaks the low of 0.6303
• TP: 0.5800 (psychological support)
• SL: 0.6675
• Probability: ~65%
✅ Aligns with the main trend, safer if BTC continues to decline
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⚠️ Special warning
• INIT is in a very strong downtrend, any recovery will only be technical.
• If BTC continues to lose the $66,000 mark, altcoins may continue to plummet, including INIT.
• Avoid FOMO when the price slightly recovers, wait for clear confirmation.
Recommendation: Prioritize the Short scenario if the price breaks the old low. Long only if there is a clear breakout on the 4h with increased volume.
