📌 $INIT
/TRY Overview
Current Price: ₺19.70
24h Change: -6.24% 🔻 (Significant drop)
Category: Likely a newer or low-cap token
Exchange: Binance (inferred)
---
📊 Market Statistics
Metric Value
24h High: ₺23.06
24h Low: ₺19.13
Current Price: ₺19.70
24h Volume (INIT): 3.70M
24h Volume (TRY): ₺79.08M
📉 Price is close to 24h low, showing bearish momentum with heavy selling.
---
📈 Moving Averages & Volume
Indicator Value
Volume: 65,539
MA(5): 82,403.8
MA(10): 76,770.1
🔻 Current volume is below average MA values, indicating fading buying interest and weaker support during this dip.
---
📉 Depth Levels (Support & Resistance)
Resistance Zones:
₺20.71 (minor relief level)
₺21.81
₺22.91
₺23.76–24.01 (heavy upper resistance range)
Support Zones:
₺19.13 (intraday low)
₺18.76 (next visible lower zone)
₺18.51 (potential panic/stop zone)
---
🧭 Technical Bias
Factor Signal
Trend Bearish 🔻
Momentum Strongly negative
Volume Dropping
Risk Level ⚠️ Elevated
---
🔍 Price Action Notes
Price dropped ~14.5% from the high (₺23.06 → ₺19.70).
No strong buying reaction off the low yet (₺19.13).
Currently bouncing slightly, but sitting below 5/10 MA averages.
---
🔁 Recovery Triggers
To regain strength, INIT/TRY must:
Reclaim and hold ₺20.71+ (minor trend flip)
Volume needs to surge above 90K–100K+ within 2-3 candles
Break over ₺21.81 to exit current down channel
---
❌ Downside Risk
Break below ₺19.13, especially with weak volume, could drag price toward:
₺18.76 short-term
₺18.51 zone if selling pressure persists
--
📌 Summary Table
Zone Price (₺)
Current Price 19.70
Resistance Levels 20.71 → 23.76
Support Levels 19.13 → 18.51
MA(5) / MA(10) 82,403.8 / 76,770.1
Trend Bias 🔻 Bearish
Would you like a:
Short-term trade setup (entry/exit/stop)?
Risk profile analysis based on recent volatility?
#INIT #BTC120kVs125kToday #BTC120kVs125kToday #TradingStrategyMistakes
