INIT/USDT spot trade:
-Current status:
INIT has pumped hard and is now correcting sharply.
Price is falling toward a potential support zone around $0.65.
- Entry plan:
- First buy zone: $0.65–$0.67 (only if price stabilizes — wait for sideways or small bullish signal).
- Second buy zone: Around $0.50–$0.55 (if the fall continues).
- Small position first, not full investment at once (DCA strategy).
- Risk management:
- Set a mental stop or small sell trigger if price closes below $0.60 strongly.
- Avoid chasing while it is falling without signs of reversal.
- Patience is key — safer to enter after confirmation, not while still dumping.
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Final Advice:
Wait and watch. Act after confirmation, not during panic. Preserve capital first, then attack when the setup is clean.