$INIT at $0.1426 after a -54% crash and I am not buying this bounce yet
I saw INIT pump straight to $0.39500 and then dump to $0.11046 in the same day. That is not a normal move, that is a pump and dump. Now it is at $0.14264, trying to hold. That bounce looks green, but I have seen this trap before.
I am not calling a bottom just because we bounced from $0.11046. For me $0.11046 is the floor that must hold. That is the 24h low. If we lose it with a close below, $0.09623 opens fast. On the upside $0.15883 is the first wall. Break and hold above $0.15883 and $0.18296 opens.
My plan is simple. I am not buying $0.1426 in the middle. If we hold $0.11046 and close above $0.15883, I look long toward $0.18296, stop below $0.11046. If $0.11046 breaks, I step aside, short toward $0.09623 only on confirmed close below. Risk 1 to 2% only, 5x to 10x isolated max. This coin just moved -54% in a day, I am keeping size small.
Tell me, does $0.11046 hold or does $0.15883 reclaim first?
Comment HOLD if $0.11046 holds, BREAK if $0.09623 comes.
Tap $INIT to trade this $0.11046 test, trade on this same coin.
#INIT #Write2Earn
I saw INIT pump straight to $0.39500 and then dump to $0.11046 in the same day. That is not a normal move, that is a pump and dump. Now it is at $0.14264, trying to hold. That bounce looks green, but I have seen this trap before.
I am not calling a bottom just because we bounced from $0.11046. For me $0.11046 is the floor that must hold. That is the 24h low. If we lose it with a close below, $0.09623 opens fast. On the upside $0.15883 is the first wall. Break and hold above $0.15883 and $0.18296 opens.
My plan is simple. I am not buying $0.1426 in the middle. If we hold $0.11046 and close above $0.15883, I look long toward $0.18296, stop below $0.11046. If $0.11046 breaks, I step aside, short toward $0.09623 only on confirmed close below. Risk 1 to 2% only, 5x to 10x isolated max. This coin just moved -54% in a day, I am keeping size small.
Tell me, does $0.11046 hold or does $0.15883 reclaim first?
Comment HOLD if $0.11046 holds, BREAK if $0.09623 comes.
Tap $INIT to trade this $0.11046 test, trade on this same coin.
#INIT #Write2Earn
