Strong reversal candle on #INITUSDT Is it time to launch
The last 4-hour candle closed at 03994 with a rise of 1172 after a clear rebound from support 03373 indicating the beginning of potential upward momentum
Technical Analysis Summary
RSI at 43 open range for upward movement
MACD close positive crossover
Bollinger Bands rebound from the lower band
MA10 is the nearest resistance and any break above it strengthens the rise
Proposed Strategy
Entry between 0388 to 0399
Targets 0442 then 0496 then 0610
Stop loss below 0350 or 0337 with caution
My question to you
Do we see the beginning of a new upward wave or just a temporary correction? Share your opinion with us