?RSI 80.9 and a 64.815% 24h surge — are you threading a limit on $INIT at 0.1929 into this momentum?
EMA20 sits above EMA50 on the 1h, MACD is positive and volRatio is 4.61 after a 51.29% 6h run. Price trades below the drawn resistance 0.207 with support at 0.11845; invalidation sits at 0.14789.
Do you need sustained volume above the current volRatio 4.61 to validate the 0.1929 entry before risking the 0.14789 invalidation?
Setup: LONG 📈
— Entry zone: 0.19290
— Target 1: 0.23791
— Target 2: 0.28292
— Target 3: 0.32794
— Stop: 0.14789 (the idea is wrong beyond this)
Not financial advice.
#INITSetup #ChartNotesDaily #TrendContinuationIdeas
EMA20 sits above EMA50 on the 1h, MACD is positive and volRatio is 4.61 after a 51.29% 6h run. Price trades below the drawn resistance 0.207 with support at 0.11845; invalidation sits at 0.14789.
Do you need sustained volume above the current volRatio 4.61 to validate the 0.1929 entry before risking the 0.14789 invalidation?
Setup: LONG 📈
— Entry zone: 0.19290
— Target 1: 0.23791
— Target 2: 0.28292
— Target 3: 0.32794
— Stop: 0.14789 (the idea is wrong beyond this)
Not financial advice.
#INITSetup #ChartNotesDaily #TrendContinuationIdeas
