$INIT Initia: Strong Pump, Holding Near the Highs 📈
INIT is trading at 0.19845, up about 16% in the last 24 hours, with a high of 0.20521 and a low of 0.16565. On the 15m chart, price rallied from 0.17618 on heavy volume. It was rejected at 0.20521, pulled back to around 0.1940, and is now trading between 0.1950 and 0.2000. Price is above the MA7 (0.19632), MA25 (0.18887) and MA99 (0.17934), so the short-term trend stays bullish. Volume is fading from the peak, so the market is waiting for the next move.
Key levels
Support: 0.19389, 0.18750 and 0.18112
Resistance: 0.20027 and 0.20521
Trade plan
Entry 1 (safer): buy a dip into 0.1940–0.1965, near the MA7 and support
Entry 2 (breakout): buy only if a 15m candle closes above 0.2003 with rising volume
Targets: TP1 0.2003, TP2 0.2052 (the recent high)
Stop loss: below 0.1875, since losing the MA25 and support weakens the setup.
#Initia #INIT #Binance #CryptoTrading #TechnicalAnalysis
INIT is trading at 0.19845, up about 16% in the last 24 hours, with a high of 0.20521 and a low of 0.16565. On the 15m chart, price rallied from 0.17618 on heavy volume. It was rejected at 0.20521, pulled back to around 0.1940, and is now trading between 0.1950 and 0.2000. Price is above the MA7 (0.19632), MA25 (0.18887) and MA99 (0.17934), so the short-term trend stays bullish. Volume is fading from the peak, so the market is waiting for the next move.
Key levels
Support: 0.19389, 0.18750 and 0.18112
Resistance: 0.20027 and 0.20521
Trade plan
Entry 1 (safer): buy a dip into 0.1940–0.1965, near the MA7 and support
Entry 2 (breakout): buy only if a 15m candle closes above 0.2003 with rising volume
Targets: TP1 0.2003, TP2 0.2052 (the recent high)
Stop loss: below 0.1875, since losing the MA25 and support weakens the setup.
#Initia #INIT #Binance #CryptoTrading #TechnicalAnalysis
