$INIT Jumped high. Thinking what to do?
๐ Overall Trend: Bullish (65%)
Despite a dip, momentum remains up due to prior breakout and high volume.
โ Ideal Buy Zones
$0.0565โ0.0570 โ Safe (MA(99) support + RSI oversold)
$0.0550โ0.0555 โ Moderately Safe (retracement zone)
$0.0525โ0.0535 โ Risky (deep fallback, if strong drop)
๐ฏ Ideal Sell Targets
$0.0588โ0.0592 โ Safe (resistance near MA(25))
$0.0615โ0.0625 โ Moderately Safe (previous structure top)
$0.0645โ0.0655 โ Risky (top of last pump)
๐ Stop-Loss Zones
$0.0548 โ below 15m structure
$0.0523 โ last major low (loss of trend)
๐งฑ Support & Resistance
Support
$0.0565 โ Moderately Strong
$0.0523 โ Very Strong
Resistance
$0.0590 โ Moderately Strong
$0.0645 โ Very Strong
๐ Why These Levels?
PORTAL/USDT surged recently but pulled back below MA(25) and MA(7). Price now sits just above MA(99) โ historically a strong support on short timeframes. RSI is deeply oversold (RSI 6 โ 17 on 15m), suggesting bounce potential.
Volume showed a spike during the rally and remained decent. Order book favors buy pressure near $0.056โ$0.057.
If price reclaims $0.059 cleanly with volume, bullish continuation toward $0.062+ is likely. But a break below $0.054 risks deeper pullback.
DYOR and we will keep making good profits.
