#BTCvsMarkets

Is INIT preparing for a crazy start to a strong rise, or is it on the verge of a major correction? Continuous monitoring of the indicators is essential for making the optimal decision.

Explosive Performance

The pair recorded a significant increase of +229.15% over a short period, indicating strong buying power and the potential for continued upward movement. The current price is at 0.6583 USDT, with fluctuations between 0.1745 (potential support) and 0.7582 (strong resistance).

Key Points

1. Critical Levels

- Support: 0.2000 - 0.1745 (an area that may witness strong buying).

- Resistance: 0.7355 - 0.7582 (breaking through it may open the door for a new upward wave).

2. Moving Averages

- The data is currently unclear (MA(7), MA(25), MA(99) are not visible), but positive momentum is evident.

3. Trading Volume

- "NANCE" shows trading levels at 0.5111 and 0.3989, which may indicate areas of interest from traders.

Forecast

- If the price breaks the level of 0.7582, the pair may witness a strong upward wave.

- If the price falls below 0.2000, it may enter a deep correction phase.

Proposed Strategy

- For speculators: enter upon breaking 0.7355 with a target of 0.7582 and above.

- For conservatives: wait for confirmation of upward movement above 0.7582 or a price rebound from 0.2000.

Warning

Volatility is high, so it is advisable to use stop-loss orders and trade cautiously.

#Initia #MarketRebound #lunchpoltoken