$INIT is up 97.05% today. Would I buy after a move like that? I would be very careful.
Here are the top three gainers from my Binance Futures screenshot:
🥇 INIT (Initia) — $0.27826 (+97.05%)
🥈 BTW (Bitway) — $1.3039 (+24.88%)
🥉 ONE (Harmony) — $0.0017645 (+21.74%)
What catches my attention?
INIT has the biggest move, but there is another important point. Reports today say Initia's Layer 1 network was paused after unauthorized transfers. So I would not treat the price increase as proof that everything is fine. I want to see clear updates from the team before considering a trade. <Cite refs={["turn986307search0","turn986307news8"]}/>
For $BTW, I would want to understand what is driving the demand and whether the move has support beyond short-term trading.
$ONE has also picked up momentum. But after previous network concerns, I would look for clear signs of real activity instead of relying on a sudden price jump.
My suggested trade plans:
$INIT: No chasing this move. I would wait for the network situation to become clearer, then look for a pullback that holds support. A long needs confirmation from both the chart and project updates. If support breaks and the recovery fails, I would stay away or watch for a short setup.
$BTW : I would wait for a pullback and a successful retest of support. If buyers return and price breaks its local high, I would consider a long. A failed recovery after losing support would make me cautious.
$ONE : I would wait for the price to settle. A long idea needs support to hold and a fresh break above local resistance. If support breaks and price cannot reclaim it, I would watch for a possible short.
I haven't added exact entry, target or stop-loss prices because this screenshot doesn't show the individual charts. I would rather wait for proper levels than make up numbers.
What would you watch first: $INIT, BTW or $ONE ?
#BinanceSquare #INIT #BTW #ONE #cryptotrading
Here are the top three gainers from my Binance Futures screenshot:
🥇 INIT (Initia) — $0.27826 (+97.05%)
🥈 BTW (Bitway) — $1.3039 (+24.88%)
🥉 ONE (Harmony) — $0.0017645 (+21.74%)
What catches my attention?
INIT has the biggest move, but there is another important point. Reports today say Initia's Layer 1 network was paused after unauthorized transfers. So I would not treat the price increase as proof that everything is fine. I want to see clear updates from the team before considering a trade. <Cite refs={["turn986307search0","turn986307news8"]}/>
For $BTW, I would want to understand what is driving the demand and whether the move has support beyond short-term trading.
$ONE has also picked up momentum. But after previous network concerns, I would look for clear signs of real activity instead of relying on a sudden price jump.
My suggested trade plans:
$INIT: No chasing this move. I would wait for the network situation to become clearer, then look for a pullback that holds support. A long needs confirmation from both the chart and project updates. If support breaks and the recovery fails, I would stay away or watch for a short setup.
$BTW : I would wait for a pullback and a successful retest of support. If buyers return and price breaks its local high, I would consider a long. A failed recovery after losing support would make me cautious.
$ONE : I would wait for the price to settle. A long idea needs support to hold and a fresh break above local resistance. If support breaks and price cannot reclaim it, I would watch for a possible short.
I haven't added exact entry, target or stop-loss prices because this screenshot doesn't show the individual charts. I would rather wait for proper levels than make up numbers.
What would you watch first: $INIT, BTW or $ONE ?
#BinanceSquare #INIT #BTW #ONE #cryptotrading
