Currently, the price of Initia (INIT) is fluctuating around 0.798 USD, with a daily high of 0.879 USD and a low of 0.656 USD. The trading volume in the last 24 hours is about 312 million USD, indicating strong interest from the market.
📈 Technical analysis of INIT
15-minute time frame (short-term):
• RSI indicator: Near the 50 level, indicating that the market is in a neutral state.
• MACD: Gives a slight bearish signal, warning of the potential for short-term correction.
• ADX: At 20, indicates that the current trend is weak and may change.
1-hour time frame (medium-term):
• Trend: Price is in an uptrend, with higher highs and higher lows.
• Resistance: 0.85 – 0.88 USD; if it breaks through, INIT may target the 0.95 USD mark.
• Support: 0.74 – 0.76 USD; if it drops below this level, it may retest the 0.70 USD area.
🟢 Long strategy for INIT
• Entry point: 0.78 – 0.80 USD
• Profit target (TP):
• TP1: 0.85 USD
• TP2: 0.88 USD
• TP3: 0.95 USD
• Stop loss (SL): 0.74 USD
• Note: If the price exceeds 0.85 USD and maintains, consider moving the SL up to 0.80 USD to secure profits.
🔻 Short strategy for INIT
• Entry point: 0.85 – 0.88 USD
• Profit target (TP):
• TP1: 0.80 USD
• TP2: 0.76 USD
• TP3: 0.70 USD
• Stop loss (SL): 0.90 USD
• Note: Only open a short position if there is a clear reversal signal, such as a reversal candle or a significant increase in sell volume.
⚠️ Warning and Note
• INIT is a newly listed token, so it may be highly volatile and unstable.
• Always use a stop loss (SL) to manage risk.
• Closely monitor technical indicators and market news to adjust strategies in a timely manner.
Trade INIT directly on Binance