SHOULD BUY INIT

**Brief technical analysis INIT/USDT**

- **Price trend**: The current price is 0.6826, down 8.44%. The 1-hour chart shows a sharp price drop from a peak of 0.8644 to a low of 0.6692, currently moving sideways.

- **Moving Average (MA)**:

- MA(7): 0.7293 - Price below, short-term downtrend.

- MA(25): 0.7518 - Price below, medium-term downward pressure.

- MA(99): 0.7407 - Price below, long-term downtrend.

- **Support and resistance levels**:

- **Support**: 0.6692 (most recent low), may drop further to 0.6594 if broken.

- **Resistance**: 0.7293 (MA(7)), followed by 0.7518 (MA(25)).

- **Volume**: Increased significantly during the drop, currently decreasing, could signal accumulation.

### **Short-term prediction**

Price fluctuates between 0.6692 - 0.6826. If the support at 0.6692 is not held, it may drop to 0.6594. If it exceeds MA(7) at 0.7293, a short-term uptrend may occur.

### **Advice to buy at the lowest price**

- **Buying level**: Wait for the price to return to 0.6692 - 0.6594 (support zone). Buy when there are signs of a reversal (green candle, increasing volume).

- **Risk management**:

- **Stop Loss (SL)**: Below 0.6594, around 0.6550.

- **Take Profit (TP)**: Target 0.7293 (MA(7)) or 0.7518 (MA(25)).