$INIT
The $INIT analysis suggests:
- *Price Movement*: +25% surge in a single day, with potential for further growth
- *Key Levels*:
- Support Zone: $0.740 - $0.760
- Resistance Zone: $0.860 - $0.880
- *Indicators*:
- RSI: Bearish divergence, indicating potential momentum slowdown
- Volume: Significant spike, possibly indicating smart money exiting
- EMA 20 & 50: Bullish alignment, but momentum slowing
*Strategy Suggestions*:
- *Spot Strategy*: Take partial profits at resistance or wait for a confirmation bounce at $0.74-$0.76
- *Futures Strategy*: Long setup with entry at $0.745-$0.765, SL at $0.715, and targets at $0.86 and $0.92