Real-time price: ~0.57 USDT
Technical situation: INIT has just gone through a very strong sell-off in recent days with significant selling pressure but has formed a bottom around 0.475 and is clearly recovering. Buying volume has started to increase slightly again, technical signals show that a short-term upward reversal trend is forming.
✅ Proposed trading strategy
🔺 Long order (high priority)
• Entry: 0.525 – 0.535
• SL: 0.515 (breaking the bottom zone -> breaking the trend)
• TP: 0.578
• Success probability: ~70%
• Reason:
• INIT has formed a double-bottom signal around 0.519.
• RSI H1 & H4 have both exited the oversold zone.
• If the price does not break below 0.515 → the likelihood of a technical rebound is very high.
• BTC is temporarily stabilizing in the support zone of 104k–105k, not putting additional pressure on altcoin.
⛔ No current Short recommendation
• INIT has been heavily sold off, the selling side is weakening, and money flow is returning.
• Only consider Short if BTC drops below 104,000 along with a sudden increase in INIT selling volume, confirming the occurrence of a second 'panic sell'.
⚠️ Special warning
• If INIT breaks 0.51 with strong selling pressure → the current upward trend is completely broken, need to cut losses quickly without hesitation as the possibility of dropping to 0.46 or even deeper is very high.
• If BTC drops sharply in a short time (especially below 104k), it is advisable to temporarily postpone Long on INIT as it may pull the entire market down.
• INIT has low volume and can be highly volatile; do not place overly large orders, need to have a decisive SL using market orders to avoid unexpected losses.
Conclusion:
INIT is one of the altcoins showing clear recovery signals, suitable for selective bottom fishing. Do not short unless there are signs of a market-wide sell-off. Trading with a Long strategy at the support zone has a high winning probability if risk management principles are maintained.