Is INIT preparing for a crazy strong upward start or is it about to undergo a major correction? Continuous monitoring of indicators is essential for optimal decision-making.
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, fluctuating between 0.1745 (potential support) and 0.7582 (strong resistance).
Key Points
1. Critical Levels
- Support: 0.2000 - 0.1745 (an area that may see strong buying).
- Resistance: 0.7355 - 0.7582 (breaking this may open the door to a new upward wave).
2. Moving Averages
- 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 above 0.7582, the pair may experience a strong upward wave.
- If the price drops below 0.2000, it may enter a deep correction phase.
Proposed Strategy
- For speculators: enter on a break above 0.7355 with a target of 0.7582 or higher.
- For conservative traders: wait for confirmation of upward movement above 0.7582 or a price rebound from 0.2000.
Warning
Volatility is high, so the use of stop-loss orders and trading with caution is advised.
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