Here’s the analysis for $INIT

Current Price: $0.6797

Change: +8.54%

24h High: $0.8215

24h Low: $0.5854

Index Price: $0.6819

Fair Price: $0.6819

Funding Rate: +0.0118% (positive funding rate, long positions earn slightly)

Recommendation:

Long (Buy): If the price drops to around $0.67 - $0.68, consider entering a long position, aiming for a rebound toward the fair price or higher levels (around $0.80 - $0.82).

Short (Sell): If the price approaches the $0.82 resistance, consider entering a short position, with a target around $0.72 or lower.

Risk Management:

Stop-Loss: For long positions, set stop-loss around $0.65 - $0.66.

Take-Profit: For long positions, aim for $0.80 - $0.82 as take-profit levels.