#FutureTrading #PhanTichKyThuat
Current price: 1.0263 USDT
24h volatility: +21.34%
24h trading volume: 275 million USDT
Technical overview of INIT/USDT across multiple time frames
INIT is recording strong gains across all time frames with a technical pattern leaning towards bullishness, however, there are warning signals about the weakening buying power.
• MA (Moving Average): MA7 is above MA25 and MA99 across all time frames, confirming short and mid-term uptrend. However, the gap is starting to narrow.
• RSI: Fluctuating from 54 to 68 across time frames – still in the positive zone but not overbought. RSI(6) is approaching 70, indicating that the upward momentum may have started to become 'hot'.
• MACD: Lack of consensus between time frames. On the larger time frame, MACD is near the 0 line, signaling a potential reversal.
• Volume: Gradually decreasing over time (from 275M down to below 10M), along with OBV also weakening → buying power is not as strong as before.
In summary: INIT still maintains a bullish structure but the upward momentum is weakening. The market needs a slight pullback or a clear confirmation from volume to continue breaking out.
Proposed trading strategy
• Scenario 1 – Long on pullback (probability ~60%)
Buy when the price adjusts to the range 0.9609–1.0203 (near MA7) and shows signs of recovery (RSI > 50, positive MACD).
Expected TP: +5–8%, SL below MA25 (~0.8709–1.0162)
• Scenario 2 – Long breakout (probability ~30%)
If the price clearly surpasses the resistance area of 1.0280 with high volume, it may be a buy on momentum.
Expected TP: +3–5%, SL below 1.0200
• Scenario 3 – Short when breaking MA99 (probability ~10%)
If INIT breaks below the support area MA99 (0.9187–0.9524) with strong selling pressure, consider opening a Short.
Expected TP: +4–6%, SL above MA7
Risk management
• Do not trade more than 5% of total capital per order
• Minimum profit/loss ratio 1:2
• Always closely monitor signals from RSI, MACD, and trading volume at sensitive areas (support – resistance)
Please support the author by clicking on the INIT chart below to see details and trade directly on Binance.
