📊 $INIT /USDT – Technical Analysis (4H Chart)

🔻 Current Price: $0.4104 | 24h Change: -8.00%

🟡 Key Observations:

• RSI(6): 29.19 (Oversold zone – potential bounce setup)

• Support: Strong reaction seen at $0.3874

• Bollinger Bands: Price hugging lower band – mean reversion likely

• Volume Spike: Suggests accumulation near current levels

🎯 Trade Setup (Spot Accumulation Idea)

✅ Entry Zone: $0.400 – $0.410

📈 Take Profit Targets:

• TP1: $0.448 (Local resistance)

• TP2: $0.484 (Upper BB)

• TP3: $0.550 (If trend strengthens)

🛡️ Stop Loss: $0.387 (Below key support level)

💡 Market Sentiment:

INIT is trading in a potential “spot kissing zone” – ideal for gradual accumulation. RSI and volume structure suggest short-term upside possible. Long-term bias remains cautious but positive if market structure holds.

⚠️ Disclaimer:

This is not financial advice. Shared for educational and research purposes only. Please DYOR and manage risk wisely.

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