📉 $INIT
$INIT : Rises High, Falls Even Deeper!
INIT once soared to $0.30298, but is now trading around $0.11095.
This means the price of INIT has corrected by around 63.38% from its peak!
📌 Key level analysis:
- Current price: $0.11095
- Support: $0.110 – $0.105
- Next support: $0.097 – $0.100
- Resistance: $0.120 – $0.128
- Strong resistance: $0.145
Strategy:
🟢 LONG if the price breaks above $0.128 and the retest is successful.
🔴 SHORT if there is a rejection in the $0.120–$0.128 area.
⚠️ Don’t rush in. Wait for confirmation of the market’s direction.
Remember, a price that has fallen 63% isn’t necessarily cheap. It could still drop further.
#INITUSDT #BİNANCE #CryptoAnalysis #Trading
$INIT : Rises High, Falls Even Deeper!
INIT once soared to $0.30298, but is now trading around $0.11095.
This means the price of INIT has corrected by around 63.38% from its peak!
📌 Key level analysis:
- Current price: $0.11095
- Support: $0.110 – $0.105
- Next support: $0.097 – $0.100
- Resistance: $0.120 – $0.128
- Strong resistance: $0.145
Strategy:
🟢 LONG if the price breaks above $0.128 and the retest is successful.
🔴 SHORT if there is a rejection in the $0.120–$0.128 area.
⚠️ Don’t rush in. Wait for confirmation of the market’s direction.
Remember, a price that has fallen 63% isn’t necessarily cheap. It could still drop further.
#INITUSDT #BİNANCE #CryptoAnalysis #Trading
