Volume $INIT exploded to nearly 4x the average on the 4H candle, while OI also rose 7% in 5 hours. The price has broken above 0.198, and funding is actually negative at -0.0445%. This kind of combination makes the move worth watching, especially since buying pressure still looks strong across several timeframes.
Entry: 0.19799–0.20521
TP1: 0.22644
TP2: 0.23773
SL: 0.19392
The 4H RSI is already at 72.7, so INIT is definitely heating up. But what I'm curious about is whether this momentum can continue after such a huge volume spike. Buyers are still holding the momentum; now we just have to see how the price action unfolds. 👀
Entry: 0.19799–0.20521
TP1: 0.22644
TP2: 0.23773
SL: 0.19392
The 4H RSI is already at 72.7, so INIT is definitely heating up. But what I'm curious about is whether this momentum can continue after such a huge volume spike. Buyers are still holding the momentum; now we just have to see how the price action unfolds. 👀
