Current INIT trading strategy as of June 29 (new coin, high volatility, sensitive to market sentiment):
1. Short Order
• Entry: 0.431
• Stop-loss: 0.440
• Take-profit: 0.405
• ✅ Strategy: INIT has recovered to the short-term resistance zone of 0.430–0.435, which is the nearest peak after the previous sharp drop. The 1-hour RSI is slightly overbought, showing signs of weakening if it does not exceed 0.44.
• ⛔ Warning: If it breaks 0.440 with strong buying power → the price may quickly accelerate to the range of 0.455–0.465, making Short extremely risky.
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2. Long Order
• Entry: 0.404
• Stop-loss: 0.388
• Take-profit: 0.428
• ✅ Strategy: 0.400–0.405 is an important support zone in the short term, previously creating a bottom and bouncing strongly. If the price retests this zone and there is a clear reversal candle (bullish engulfing/pin bar), it may be a technical Long.
• ⛔ Warning: If it breaks 0.388, INIT may return to a downtrend and quickly fall to 0.36–0.37.
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✅ Probability:
• Short: ~58% (preferred if the price fails at resistance 0.431–0.435)
• Long: ~42% (only open if it returns to the correct support zone and there is a confirmation signal)
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📌 Special Note:
• INIT has low liquidity, experiencing strong fluctuations every minute – absolutely do not hold positions.
• BTC rises above 108,200 → do not hold Short INIT.
• BTC falls below 105,800 → should not Long INIT as it is prone to being pulled down with the entire market dump.
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👉 The strategy is intended solely for short-term trading (scalp/swing), SL must be firmly set, closely monitor BTC to control risk.
Do not chase the price if it has exceeded the entry zone.