Angila, based on this snapshot of $INIT /USDT trading data from Binance, here's a quick technical summary:
Key Insights:
Current Price: $0.8169 (+1.52%)
24h Range: Low $0.7130 – High $0.8281
Volume (24h): $INIT 54.17M | USDT 40.87M
RSI (6): 88.42 – This indicates extremely overbought conditions. A correction might be near unless momentum stays strong.
SAR (Stop and Reverse): 0.7318 – Since current price is well above this, trend is still bullish.
Resistance Levels (Depth): $0.8265, $0.8674, $0.9083
Support Levels: $0.7855, $0.7446, $0.7130
Quick Strategy Thoughts:$INIT
If you’re holding, it might be smart to tighten stop-loss given the high RSI.
If you’re looking to buy, a pullback to $0.74–$0.76 zone could offer a better risk-reward.
Watch for MACD and EMA crossover confirmations on lower timeframes if you're actively trading.
#INI #Initia #iniciante #InvestmentAccessibility #INITCOMING