Down 44% in 24h to 0.1523, $INIT sits below EMA20 and EMA50 while EMA20 is marginally above EMA50 — a nuance worth mentoring through.
This is RANGE: support 0.15163 and resistance 0.395. RSI ~36 and negative MACD bias lower, but volRatio 1.15 and ATR14=0.04502 keep both breakout and rejection plausible. Trade plan: wait for ATR-based confirmation on completed 1h candles.
Do you want volume above volRatio 1.15 to confirm any breakout above 0.395?
↔ RANGE watch
Support: 0.15163 | Resistance: 0.39500
Bull scenario: confirmation above resistance
Bear scenario: confirmation below support
Entry: N/A | TP1: N/A | TP2: N/A | TP3: N/A | SL: N/A
No confirmed trade until a breakout or rejection.
Not financial advice.
#INITSetup #ReadTheChart #RangeTradingNotes
This is RANGE: support 0.15163 and resistance 0.395. RSI ~36 and negative MACD bias lower, but volRatio 1.15 and ATR14=0.04502 keep both breakout and rejection plausible. Trade plan: wait for ATR-based confirmation on completed 1h candles.
Do you want volume above volRatio 1.15 to confirm any breakout above 0.395?
↔ RANGE watch
Support: 0.15163 | Resistance: 0.39500
Bull scenario: confirmation above resistance
Bear scenario: confirmation below support
Entry: N/A | TP1: N/A | TP2: N/A | TP3: N/A | SL: N/A
No confirmed trade until a breakout or rejection.
Not financial advice.
#INITSetup #ReadTheChart #RangeTradingNotes
