🚨 $INIT /USDT | A Potential Trading Opportunity 📊
INIT has experienced a strong rally, but selling pressure has emerged near the highs. The next move will depend on whether buyers can regain control or sellers continue pushing the price lower.
🟢 Scenario 1: LONG (BUY)
📍 Entry zone: 0.2100 – 0.2150
✅ Entry condition: A clear rebound from the zone and a 15-minute candle closing above 0.2200.
🛑 Stop-loss: 0.2050
🎯 Target 1: 0.2300
🎯 Target 2: 0.2400$INIT
🔴 Scenario 2: SHORT (SELL)
📍 Entry zone: 0.2100 – 0.2130, after a confirmed support breakdown and a retest from below.
🛑 Stop-loss: 0.2200
🎯 Target 1: 0.2000
🎯 Target 2: 0.1960
🧠 What Should We Watch?
The MACD is currently negative on the 15-minute timeframe, suggesting that selling pressure may continue. Therefore, it is essential to wait for confirmation before entering either scenario.
⚠️ Trade Smart: If the entry conditions are not met, it is better to stay out of the market. Always manage your risk and use a stop-loss. Never assume that any trading setup is guaranteed to succeed.
💬 What do you think? Will INIT recover toward 0.2400, or will we see another drop toward 0.1960 first? 👇
#INIT #cryptotrading #BinanceSquare
INIT has experienced a strong rally, but selling pressure has emerged near the highs. The next move will depend on whether buyers can regain control or sellers continue pushing the price lower.
🟢 Scenario 1: LONG (BUY)
📍 Entry zone: 0.2100 – 0.2150
✅ Entry condition: A clear rebound from the zone and a 15-minute candle closing above 0.2200.
🛑 Stop-loss: 0.2050
🎯 Target 1: 0.2300
🎯 Target 2: 0.2400$INIT
🔴 Scenario 2: SHORT (SELL)
📍 Entry zone: 0.2100 – 0.2130, after a confirmed support breakdown and a retest from below.
🛑 Stop-loss: 0.2200
🎯 Target 1: 0.2000
🎯 Target 2: 0.1960
🧠 What Should We Watch?
The MACD is currently negative on the 15-minute timeframe, suggesting that selling pressure may continue. Therefore, it is essential to wait for confirmation before entering either scenario.
⚠️ Trade Smart: If the entry conditions are not met, it is better to stay out of the market. Always manage your risk and use a stop-loss. Never assume that any trading setup is guaranteed to succeed.
💬 What do you think? Will INIT recover toward 0.2400, or will we see another drop toward 0.1960 first? 👇
#INIT #cryptotrading #BinanceSquare
