$INIT /USDT

INIT/USDT Trade Setup

MetricValueCurrent Price$0.4147 (-8.03%)24h High$0.477824h Low$0.408024h Vol (INIT)15.50M INIT24h Vol (USDT)$6.88MExchangeBinanceTime RangeJun 20 21:00 → Jun 21 15:00

📉 Key Price Levels (Depth)

TypePrice RangeComment🔼 Resistance 1$0.4464 – $0.4681Recent seller zone; rejection likely🔼 Resistance 2$0.4898 – $0.5065Next major overhead barrier🔽 Support 1$0.4147 (current level)Weak bounce point; being tested🔽 Support 2$0.4080Critical 24h low, must hold

📊 Analysis

📉 Price drop of 8.03% shows strong intraday bearish pressure.

❗ Currently hovering above 24h low: If $0.4080 breaks, next likely zone is $0.38–$0.39 range.

🛑 Failed bounce near $0.45–$0.47 suggests rejection at key fib levels (~38–50%).

⚙️ Technical Sentiment

IndicatorStatus🔻 Short-Term TrendBearish📉 MomentumWeak, oversold signals may develop🔎 Volume BehaviorDeclining vs. earlier highs🟨 Key to Watch$0.4080 → Breakdown = bearish flush

🧭 Strategy Insight

If holding: Watch $0.4080 very closely — it’s the last local support. Breakdown could quickly spiral.

If trading: Consider waiting for either a confirmed bounce over $0.45 or a breakdown retest of $0.38.

Volatility: Medium-high; be cautious of false breakouts in current structure.

#DAOBaseAIBinanceTGE #IsraelIranConflict #SwingTradingStrategy #Write2Earn! #INIT