$INIT 🧪 INIT/USDT – INITIATING A COMEBACK OR DEAD CAT BOUNCE? 🩻📉
INIT has seen a deep dive from $0.7980 to $0.5431 – but is this recent bounce the start of a recovery, or just a trap for bulls?
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📊 INIT Stats Overview:
💰 Current Price: $0.5889
🔺 24h High: $0.6218
🔻 24h Low: $0.5431
📉 24h Change: -1.60%
📊 Volume: 24.63M INIT / 14.54M USDT
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⏱ 1H Chart Breakdown:
MA(7): 🟡 $0.5772
MA(25): 🔴 $0.5936
MA(99): 🟣 $0.6682
📉 Trend Watch:
Downtrend dominant, but early signs of a bottom are forming. Price is pushing back into the MA(25) zone – a potential pivot point!
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✅ Spot Strategy – Catch the Reversal? 🧲
🔹 Entry Zone: $0.5650 – $0.5900
🎯 Targets:
TP1: $0.6250 🎯
TP2: $0.6600 🥅
TP3: $0.6980 🏁
❌ Stoploss: Below $0.5400
🧩 Why Enter?
Sharp drop might have found local support – volume is building, and RSI likely recovering from oversold.
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⚡ Futures Strategy – Risky Bounce Play! 🎢
🟢 LONG Setup:
Entry: $0.5650 – $0.5900
Targets:
TP1: $0.6250
TP2: $0.6600
TP3: $0.6980
❌ Stoploss: $0.5390
🔴 SHORT Setup (if bounce fails):
Entry Zone: $0.6150 – $0.6300
Targets:
TP1: $0.5800
TP2: $0.5450
❌ Stoploss: Above $0.6500
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📊 Performance Recap:
📆 Today: +1.25%
🗓️ 7 Days: -20.81%
📉 30/90/180 Days: Not enough data
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🎤 Final Verdict – Bottom In or Just a Blip? ⚖️🔍
INIT’s bounce from $0.5431 looks promising, but the trend is still bearish. Bulls need to reclaim $0.60+ and cross MA(25) with volume to confirm strength. Stay alert – either a golden recovery or a bull trap awaits!