Welcome #INITIA
Brief Analysis of INITIA: Support, Resistance & Reversal
Trend & Market Structure
INITIA is moving sideways after a correction. A higher lows structure is forming, indicating potential accumulation.
Key Areas
Support: $0.045 – $0.047 (strong bounce zone), $0.038 (historical support).
Resistance: $0.062 – $0.065 (high selling pressure), $0.072 (major resistance).
Technical Indicators
RSI: Neutral (45–50), breakout opportunities are open.
MACD: Close to a bullish crossover signal.
EMA: Price testing EMA 20, needs breakout of EMA 50 for trend validation.
Potential Reversal
Bullish if: Breakout at $0.055 accompanied by high volume.
Bearish if: Breakdown at $0.045 without buyer response.
Quick Strategy
Buy: $0.046 – $0.048
TP: $0.055 and $0.065
SL: Below $0.043
