$INIT /USDT

🔍 INIT/USDT Market Snapshot

Current Price: $0.5336 (down -1.88%)

24h High: $0.5821

24h Low: $0.5239

Volume (24h):

INIT: 36.58M

USDT: 20.25M

Exchange: Likely Binance (may be a typo as "NANCE")

Timeframes Provided: 15m, 1h, 4h, 1D

Order Book Depth Levels:

Resistance: $0.8502, $0.6347

Mid Price: $0.5336

Support: $0.4682, $0.4192

🛠️ Trade Setup: INIT/USDT

🔹 Technical Structure

Price is currently consolidating around $0.53, not far from its 24h low → potential bounce zone.

Previous resistance at $0.6347 may become the next challenge if price moves up.

Key support levels: $0.4682 and $0.4192

✅ Bullish Trade Setup (Buy the Dip Play)

Entry Zone: $0.52–$0.53 (very close to current price)

Stop Loss: $0.46 (just under key support)

Target 1: $0.63 (mid resistance)

Target 2: $0.85 (major resistance level)

Risk/Reward Ratio: ~1:2 to 1:4 depending on exit strategy

📌 Ideal for swing traders if volume remains stable or increases.

❌ Bearish Trade Setup (Fade Resistance)

Entry Zone: $0.63–$0.85 (if price rallies and stalls below major resistance)

Stop Loss: $0.88+

Target 1: $0.53

Target 2: $0.46

🔄 Indicators to Watch

RSI: If <30 on 4H or 1D = oversold → buy signal

MACD: Look for bullish crossover on 1H/4H

Volume: Rising volume with price = trend confirmation

⚠️ Caution

Low-cap altcoins like INIT may have high volatility and slippage.

Confirm price action at support with candlestick patterns (hammer, engulfing, etc.)

Keep position sizes small unless strong confirmation occurs.

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