Currently, the price of INIT (Initia) is fluctuating around $1.06, with a daily high of $1.22 and a low of $0.79.
📊 Technical analysis by time frame
⏱️ 15 minutes (15m)
Signal: RSI and StochRSI are both in the overbought zone, indicating a potential short-term correction.
Strategy:
Short-term Short:
Entry: $1.20
SL: $1.24
TP: $1.10
Success probability: 65%
Reason: Overbought on RSI and StochRSI, potential for short-term correction.
🕐 1 hour (1H)
Signal: Price is above MA200 and in an upward trend, but MACD gives a slight downward signal.
Strategy:
Long:
Entry: $1.05
SL: $0.98
TP: $1.20
Success probability: 70%
Reason: The upward trend is still present, but caution is needed regarding the MACD signal.
🕓 4 hours (4H)
Signal: Price has crossed MA200, indicating a clear upward trend.
Strategy:
Long:
Entry: $1.00
SL: $0.90
TP: $1.30
Success probability: 75%
Reason: Strong upward trend, supported by MA200.
📅 1 day (1D)
Signal: Price peaked at $1.22 and is experiencing a slight correction.
Strategy:
Long:
Entry: $1.00
SL: $0.85
TP: $1.40
Success probability: 80%
Reason: Positive long-term trend, potential for further increase if it surpasses the previous high.
✅ Conclusion
Short-term Long: Caution due to overbought signal on the 15-minute chart.
Medium-term Long: Favorable on the 1H and 4H charts, but monitor the MACD signal.
Long-term Long: Positive if the price stays above $1.00 and surpasses the $1.22 peak.
Note: The cryptocurrency market is highly volatile, requiring strict risk management and regular updates.