**š INIT/USDT ā Trading Signal Alert! š**
**š„ Key Levels & Strategy:**
- **Current Price:** 0.3964 (-8.01%)
- **24h Range:** 0.3753 (Low) ā 0.4540 (High)
- **EMA(200):** 0.4650 (Key Resistance)
- **RSI(14):** ~41.5 (Neutral, Slight Bearish Bias)
**š LONG Setup (If Bullish Reversal Confirms):**
1ļøā£ **Support Bounce:** Price near 24h low (0.3753). Watch for reversal candlestick (e.g., Hammer).
2ļøā£ **RSI Oversold Potential:** If RSI dips below 30, anticipate bounce.
ā **Buy Zone:** 0.3750 ā 0.3900
ā **TP Targets:** 0.4200 (EMA20), 0.4300 (EMA50), 0.4650 (EMA200)
ā **SL:** Below 0.3700
**š SHORT Setup (If Bearish Continuation):**
1ļøā£ **Resistance Rejection:** EMA200 (0.4650) held as strong resistance.
2ļøā£ **Lower Highs:** Price below EMAs (50/200) suggests downtrend.
ā **Sell Zone:** 0.4000 ā 0.4100
ā **TP Targets:** 0.3750 (24h Low), 0.3600 (Next Support)
ā **SL:** Above 0.4200
**š Right Now:**
- **Caution:** Price is mid-range with weak RSI. Wait for confirmation (break of 0.3750 or bounce).
- **Best Action:** *Patience* ā Let price confirm direction.
**ā ļø Reminder:** DYOR, use tight risk management!
**š Like/Repost if helpful!
#TradingSignals #INIT $INIT $ETH
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