$INIT has fallen below the 0.2 level.
Let’s break down the key price levels based on this data.
The longer it has been since this price level was last reached, the more the distribution of holdings around this area is likely to have changed. The balance of bullish and bearish forces at the time may no longer hold.
The first pullback after a breakout is often seen as a test: if the price can hold above the key level, the claim that resistance has turned into support becomes more convincing.
Don’t chase the market during its most volatile moment. Wait for the candlestick to close before deciding.
#INIT
Let’s break down the key price levels based on this data.
The longer it has been since this price level was last reached, the more the distribution of holdings around this area is likely to have changed. The balance of bullish and bearish forces at the time may no longer hold.
The first pullback after a breakout is often seen as a test: if the price can hold above the key level, the claim that resistance has turned into support becomes more convincing.
Don’t chase the market during its most volatile moment. Wait for the candlestick to close before deciding.
#INIT
