📈 Trading Setup (Spot): Intraday Strategic Plan for $INIT / USDT
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🔍 1. Technical Context of the Day
Current price: ~$0.7374 USDT
Intraday high: ~$0.7657 USDT
Intraday low: ~$0.7049 USDT
24h Volume: ~$133.77M USDT
Market capitalization: ~$109.69M USDT
Recent historical range: Low ~$0.2000 (April 24), High ~$1.4477 (May 13)
Importance: This price range allows for the identification of key support and resistance levels, essential for making entry and exit decisions.
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🟢 2. Suggested Entry Zone (Buy Zone)
Range: $0.710 – $0.725 USDT
Rationale: Support zone detected in 1H and 4H timeframes, with recent bounces reflecting buyer interest.
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🎯 3. Profit Targets (Take Profit)
TP1: $0.750 USDT
TP2: $0.770 USDT
Analysis: TP1 coincides with immediate resistance on 15m and 1H frames. TP2 represents structural resistance on 4H, key for potential advancement.
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🛡️ 4. Protection Level (Technical Stop-Loss)
Recommended SL: $0.700 USDT
Justification: Positioned just below the key support to limit losses in case of pullbacks.
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📊 5. Key Technical Confirmations
MACD (1H): Active bullish crossover
EMA 9/21 (1H): Confirmed bullish crossover
RSI (1H): Around 60, with no signs of overbought or oversold
Volume: Increase during pullbacks, indicating accumulation
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⚙️ 6. Risk Management and Execution
Risk: Maximum 2% of capital per trade
Discipline: Avoid impulsive entries and FOMO
Monitoring: Check 15m and 1H frames every 1-2 hours to adjust the trade if necessary
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💡 Final Insight
The short-term trend shows moderate bullish strength. It is key to confirm the bounce in the entry zone and watch the volume to validate the continuation of the movement before opening a position.
