$INIT
📊 Multi-timeframe technical analysis
⏱ 1-hour timeframe (H1)
• Trend: Price is in a short-term downtrend, with lower highs and lower lows.
• RSI (14): Near the oversold area, indicating potential short-term upward correction.
• MACD: The MACD line crosses below the signal line, sell signal.
🕒 4-hour timeframe (H4)
• Trend: Price is approaching a strong support zone around $1.14.
• RSI (14): Near the neutral zone, not giving a clear signal.
• MACD: The MACD line crosses below the signal line, sell signal.
📅 Daily timeframe (D1)
• Trend: Price is in a long-term uptrend, with higher highs and higher lows.
• RSI (14): Near the neutral zone, not giving a clear signal.
• MACD: The MACD line crosses above the signal line, strong buy signal.
🎯 24h Futures trading strategy
Proposed position: Two-way
• Long option:
• Entry: $1.14
• TP: $1.25
• SL: $1.10
• Winning probability: 65% if INIT bounces from the support area of $1.14 with high volume.
• Short option:
• Entry: $1.25
• TP: $1.14
• SL: $1.28
• Winning probability: 60% if INIT does not break the resistance of $1.25 and reverses down.
🔗 Trading INITUSDT futures contract on Binance
Trade now: Giao dịch INIT
