$INIT š BOOOOOOOOOOMMM š
š INIT (Initial) ā Market Overview
Current Price: $0.4842 USDT
24h Trading Volume: $14.09M
Trend: Bullish short-term momentum with consolidation underway
Support Levels: $0.4550 / $0.4320
Resistance Levels: $0.5020 / $0.5400 / $0.5750
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š Technical Analysis
š¹ Chart Structure
INIT is forming a bullish pennant on the 4H chart after a strong impulse leg from ~$0.40 to ~$0.50.
Currently trading just below psychological resistance at $0.50.
š¹ Indicators
RSI (4H): 63 ā leaning bullish, nearing overbought but still with room for upside.
MACD: Positive crossover confirmed; histogram rising steadily.
Volume: Increasing on up-candles, showing buyer aggression.
š¹ Moving Averages
20 EMA (4H): Acting as dynamic support at ~$0.468.
50 EMA (1D): Just crossed above 100 EMA ā a golden signal for short-term bulls.
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šÆ Short-Term Trading Strategy
ā Strategy A: Breakout Long
Entry: Above $0.502 (confirmed candle close)
Target 1: $0.540
Target 2: $0.575
Stop-Loss: $0.470
R:R Ratio: ~2.5
Rationale: Clean break from consolidation pattern supported by bullish volume.
š Summary
INIT is at a critical breakout zone. A close above $0.502 could trigger a rally to $0.54 or higher. Conservative traders may prefer pullback entries at $0.46ā$0.47. Maintain tight stop-losses, especially around volatile price reactions.
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š Disclaimer
This is not financial advice. All trading strategies are based on technical patterns and public market data for educational purposes only. Please conduct your own research, apply proper risk management, and only invest what you can afford to lose