$INIT /USDT (15m chart) Technical Analysis — Expert Insight
📉 Current Price: $0.3988
🔻 24h Drop: -9.45%
📉 24h Low: $0.3976 (Very close to current price!)
📈 24h High: $0.4486
📊 MA Levels (Bearish):
MA(7): 0.4030
MA(25): 0.4150
MA(99): 0.4317
📊 1. Trend Overview
The chart clearly shows a strong downtrend with lower highs and lower lows.
Price is well below all major moving averages, confirming bearish momentum.
MA(7) is crossing below MA(25), and both are under MA(99) → classic bearish setup.
🛑 2. Support & Resistance
Support: $0.3976 (just touched it)
If broken, next psychological support may be around $0.38–$0.36
Resistance: MA(7) and MA(25) near $0.4030–$0.4150
🔎 3. Volume & Sentiment
Volume is low and decreasing, which means weak buyer interest at this level.
Order book shows 71.13% buy interest, but this alone isn't strong enough unless big volume buyers step in.
RSI, MACD not shown, but judging by price action — likely oversold, but not reversed yet.
🧠 Expert Opinion: Buy Now or Wait?
✅ If you're a short-term trader (scalper):
You may attempt a small speculative entry around this support ($0.3980–$0.3950), but:
Use a tight stop-loss below $0.3930
Target minor bounce to MA(7) area ($0.4030–$0.4050)
🚫 If you're a swing trader or investor:
❗Avoid entry now. Wait for:
Confirmed reversal (bullish engulfing / double bottom / MACD crossover)
Price closing above MA(25) and holding
