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🔍 Multi-timeframe technical analysis
⏱️ 15 minutes
• Trend: Short-term increase.
• RSI: ~68, close to the overbought region.
• MACD: The MACD line crosses above the signal line, confirming the uptrend.
• Volume: Slightly increased, supporting the uptrend.
🕐 1 hour
• Trend: Strong increase.
• RSI: ~72, surpassing the overbought threshold.
• MACD: Continues to maintain a buy signal.
• Volume: Increased significantly, confirming the uptrend.
🕓 4 hours
• Trend: Long-term increase.
• RSI: ~75, warning of overbought region.
• MACD: Continues to maintain a strong buy signal.
• Volume: Increased significantly, supporting the uptrend.
📅 1 day
• Trend: Long-term increase.
• RSI: ~78, warning of overbought region.
• MACD: Continues to maintain a buy signal.
• Volume: Increased significantly, supporting the uptrend.
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📊 Trading strategy
Spot
• Strategy: Wait for a correction to the $0.75 area to buy.
• Target: $0.90 – $1.00
• Stop loss: Below $0.70
Futures
• Long:
• Entry point: When the price exceeds $0.85
• Target: $0.95 – $1.05
• Stop loss: Below $0.80
• Short:
• Entry point: When the price drops below $0.75
• Target: $0.65 – $0.60
• Stop loss: Above $0.80
📰 Featured news and events
• Listed on Binance Launchpool: INIT has been listed on Binance Launchpool, allowing users to farm INIT by locking BNB, FDUSD, and USDC.
• Trading volume has increased significantly: 24h trading volume reached $265.98 million USD, up 27.79% in the last 24 hours.
• Market sentiment: Interest from institutional and individual investors is increasing, especially after INIT reached an all-time high.
📌 Conclusion and recommendations
• INIT is in a strong uptrend, supported by technical factors and positive news.
• However, the RSI indicates that the market is in the overbought region, caution is needed for potential short-term corrections.
• Strategy prioritizes trading in the direction of the trend, using support and resistance levels to determine entry points.
• Tight risk management, especially in Futures trading.
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