🎁For you a gift👇🎁 I’m hooked by loud headlines, but with the coin $INIT we haven’t met yet. I saw this post and thought: interesting coin. Day by day it’s dropping even lower 😂 I went to check who invested in it. Among the investors are YZi Labs, a former Binance Labs, and a few other big funds and private investors whose names I don’t know yet. What’s more interesting is that there will be a major unlock on October 24. The previous one was April 24, and after it the coin grew by about 50%. Coincidence or not—I don’t know. The coin isn’t that old to bury it, but these kinds of projects like: “we combine, modernize, improve” often don’t see much demand. It’s worth keeping an eye on it. Who knows, maybe it’ll run like $AKE someday 😂
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BullishWhile the market is distracted by other assets, a powerful explosive move is brewing in Initia $INIT . The chart has completed a long accumulation phase, found a solid bottom at 0,04740, and is now skillfully reversing into a full-fledged uptrend.
Current price — 0,06992 (+8,15%).
Why this is a rocket on standby:
Technical analysis: We have finally broken through and consolidated above the heavy moving average EMA(99) at 0,06148. The chart has formed a classic rounded bottom (a cup) and is ready for an impulse breakout upward.
Potential: The nearest strong resistance is only around 0,07353. If we break it on volume, the asset will launch like a bullet to close the old imbalance near 0,08827 and 0,10301 (this is a potential +30% and +45% net move).
Indicators: RSI(6) at 63,45. The asset is strong, but not overheated yet — there is more than enough room for a vertical pump.
My trading plan:
Entry: at the current level (0,06992) or on a micro pullback toward the EMA(7) around 0,06830.
Targets: 1st take-profit — 0,07350, 2nd take-profit — 0,08800, the global target at the next higher high — 0,11000.
Stop-loss: below the EMA(25) with consolidation of the four-hour candle below 0,06300.
$INIT
Current price — 0,06992 (+8,15%).
Why this is a rocket on standby:
Technical analysis: We have finally broken through and consolidated above the heavy moving average EMA(99) at 0,06148. The chart has formed a classic rounded bottom (a cup) and is ready for an impulse breakout upward.
Potential: The nearest strong resistance is only around 0,07353. If we break it on volume, the asset will launch like a bullet to close the old imbalance near 0,08827 and 0,10301 (this is a potential +30% and +45% net move).
Indicators: RSI(6) at 63,45. The asset is strong, but not overheated yet — there is more than enough room for a vertical pump.
My trading plan:
Entry: at the current level (0,06992) or on a micro pullback toward the EMA(7) around 0,06830.
Targets: 1st take-profit — 0,07350, 2nd take-profit — 0,08800, the global target at the next higher high — 0,11000.
Stop-loss: below the EMA(25) with consolidation of the four-hour candle below 0,06300.
$INIT
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.