Analysis and Recommendations for Trading $INIT on Binance 📊
We notice that $INIT is currently moving within a price range between $0.65-$0.90. After the recent correction from the resistance at $0.90, opportunities for entry are appearing.
Key Entry Points:
$0.70-$0.72 (current support area)
$0.65 (strong support in case of negative breakout)
Target Exit Points:
$0.85-$0.87 (short-term resistance)
$0.95-$1.00 (major resistance)
Risk Management:
Stop loss at $0.63
Phased entry distribution
Use a risk ratio of 1:3
📈 Watch for the currency to surpass the $0.87 level to target $1.00 during the week.
