Quick technical analysis: coin $INIT
Current situation: A very sharp 22.95% decline, with sellers in complete control.
Technical signal: The current price of 0.14782 is right at a critical support zone (the green dashed line).
Advice: The chart is falling sharply, with no sign of a rebound or reversal candle so far.
🚫 Entering now is high risk. Wait for the bottom to stabilize and for a rebound to be confirmed first.
Current situation: A very sharp 22.95% decline, with sellers in complete control.
Technical signal: The current price of 0.14782 is right at a critical support zone (the green dashed line).
Advice: The chart is falling sharply, with no sign of a rebound or reversal candle so far.
🚫 Entering now is high risk. Wait for the bottom to stabilize and for a rebound to be confirmed first.
