$INIT /USDT on Binance. Here's a technical short-term trade setup based on this info:
INIT/USDT Trade Setup (Intraday/Swing)
Current Price: $0.6071
24h Gain: +203.55% — strong pump, so expect high volatility.
MA60: $0.6115
Recent High: $0.7100
24h Low: $0.2000
Volume: Surging, 1.11M and strong compared to MA(5) and MA(10)
Technical Observations:
Price is hovering just below MA60, which can act as short-term resistance.
Volume is strong, and it’s still above recent moving average volumes → buyers are active.
Price retraced from the high of $0.7100 to current levels — cooling off after a massive spike.
Trade Ideas:
Option 1: Aggressive Long (Scalp/Swing)
Entry: $0.6000–0.6100
Stop-loss: Below $0.5867 (support zone)
Target 1: $0.6300
Target 2: $0.6800
Target 3: $0.7100 (retest of high)
Option 2: Safer Long on Breakout
Entry: Above $0.6150–$0.6200 (confirmation above MA60)
Stop-loss: $0.5950
Target: $0.6500, $0.7000
Bearish Rejection Play (if price fails at MA60)
Entry: Near $0.6150–0.6200 if it rejects
Stop-loss: $0.6250+
Target: $0.5900–$0.5600
Would you like this setup with chart visuals? Or do you want to combine it with a grid bot or leverage idea?
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