$INIT is not “early” anymore, and that’s exactly why the bears are getting this move wrong. 🔥
It’s at $0.0980, up 14.11% in 24h, with $2.23M volume. The real tell: volume is 2.3x its 20d average and the 4h push is +12.1%. This isn’t a dead-cat bounce.
RSI is 61, price is above the 20d and 50d MAs, and longs are only paying 0.005% funding. Stronger tape than $ETH right now.
Don’t chase green candles. At $0.10, I’d take some risk off. If it holds, this breakout has teeth. 🧠
#INIT
#Crypto
It’s at $0.0980, up 14.11% in 24h, with $2.23M volume. The real tell: volume is 2.3x its 20d average and the 4h push is +12.1%. This isn’t a dead-cat bounce.
RSI is 61, price is above the 20d and 50d MAs, and longs are only paying 0.005% funding. Stronger tape than $ETH right now.
Don’t chase green candles. At $0.10, I’d take some risk off. If it holds, this breakout has teeth. 🧠
#INIT
#Crypto