“The cryptocurrency market is ever-changing; understanding the trends is the way to profit! Family, don't just watch the excitement, learning to analyze is the key to making money!”
Crow哥 takes you to see INIT/USDT: wild fluctuations, opportunity or trap?
Family, today let's talk about this INIT/USDT perpetual contract; this market is even more thrilling than a roller coaster! A few days ago, the price surged to 0.7969, and then within days it was halved, crashing to a low of 0.4670; with this volatility, those with weak hearts really can't handle it!
How do we view the technicals?
The Bollinger Bands are opening up, indicating increased volatility; either big profits or liquidation is coming!
MACD has changed; a short-term rebound might occur, but the trend is still unstable.
The main pressure level is at 0.7969; it was smashed down the last time it reached here. Can it break through next time?
Crow哥's viewpoint:
A short-term rebound might happen, but don't be too optimistic; 0.75-0.78 is a strong resistance zone. If it can't break through, be careful of a pullback.
If it falls below 0.4670, it might continue to explore the bottom; don't rush to buy the dip!
Funding rate 0.0050 (positive), means the bulls are still holding, but the basis is negative, indicating that market sentiment is actually bearish.
To be honest, this coin is all about the thrill! A few days ago, it surged dramatically, and a bunch of people shouted 'take off', but in an instant, it crashed, and the retail investors were cut again. Crow哥 reminds everyone, don't let FOMO dictate your actions; proper stop-loss is the way to go!
“Family, do you think INIT can still surge? Let's discuss in the comments! If we get over 1000 likes, Crow哥 will directly break down the main trading strategies in the next issue, teaching you how to avoid getting cut!”$INIT #加密市场回调
