$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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