$INIT Trading Alert! 🚨

I just liquidated my short position at $1.0835K at $0.83801. It’s been a challenging market, but every loss is an opportunity to learn and improve. Now, let's talk about what’s next for INIT!

Current Price: $0.83801

24-Hour Price Change: -2.3%

INIT is currently under some pressure, but the market can always turn quickly. Let’s look for the right opportunity to act!

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Tips to Consider:

Tip 1: Pay attention to market sentiment. INIT might be down, but don’t overlook the potential for a rebound if the trend shifts.

Tip 2: Watch for support levels—this is where the price might start reversing.

Tip 3: Don’t get caught in the emotions of the market. Be patient, and always wait for the right signal to enter.

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Buy Zone:

I’m looking for a buy opportunity around $0.82000 - $0.83000. If INIT reaches these levels, it could provide a solid entry for a potential bounce.

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Target Prices:

1st Target: $0.90000

2nd Target: $1.00000

Longer-Term Target: $1.20000

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Stop-Loss:

Place your stop-loss around $0.78000 to limit potential losses in case the price continues to fall.

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Key Support/Resistance:

Support: $0.82000

Resistance: $0.88000

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Market Feeling:

The market is bearish on INIT for now, but there’s always potential for a reversal. Keep an eye on the price action to spot when it might start shifting.

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