INIT is in an area to watch: the reference plan leans LONG, while the 15m RSI at 58.8 could create short-term volatility.
$INIT – LONG
Trading plan:
Entry: $0.1354 – $0.1394
SL: $0.1176
TP1: $0.1732
TP2: $0.1904
TP3: $0.2102
Why this setup?
• The EMAs are not aligned; the reference direction follows the 4h RSI rule, not a trend confirmation. 4h EMA20: $0.1747; 4h EMA50: $0.1567.
• The 15m RSI is 58.8; the 4h RSI is 43.3. Wait for the price reaction in the entry zone.
• The 1h ATR is $0.0132; TP1 has an R:R of 1.8 based on the reference price, excluding fees/slippage.
Debate:
Is short-term momentum enough to confirm a move toward TP1, or will the price sweep the SL zone before continuing?
Click here to trade 👇
$INIT
$INIT – LONG
Trading plan:
Entry: $0.1354 – $0.1394
SL: $0.1176
TP1: $0.1732
TP2: $0.1904
TP3: $0.2102
Why this setup?
• The EMAs are not aligned; the reference direction follows the 4h RSI rule, not a trend confirmation. 4h EMA20: $0.1747; 4h EMA50: $0.1567.
• The 15m RSI is 58.8; the 4h RSI is 43.3. Wait for the price reaction in the entry zone.
• The 1h ATR is $0.0132; TP1 has an R:R of 1.8 based on the reference price, excluding fees/slippage.
Debate:
Is short-term momentum enough to confirm a move toward TP1, or will the price sweep the SL zone before continuing?
Click here to trade 👇
$INIT
