Is anyone else leaning long on $INIT at this support?
I'm leaning long, with the stop at 0.096 and no wiggle room.
4H at 0.116, below the EMA50 at 0.132: counter-trend, so I keep the stop where it is. Stop 17.3% away, TP3 27.6% away · about 1.6R if the full move plays out. RSI 65 on the 1H · running hot, no chasing.
LONG 0.1150–0.1168
TP 0.1279 / 0.1359 / 0.1479
SL 0.0959
NFA, DYOR.
I'm leaning long, with the stop at 0.096 and no wiggle room.
4H at 0.116, below the EMA50 at 0.132: counter-trend, so I keep the stop where it is. Stop 17.3% away, TP3 27.6% away · about 1.6R if the full move plays out. RSI 65 on the 1H · running hot, no chasing.
LONG 0.1150–0.1168
TP 0.1279 / 0.1359 / 0.1479
SL 0.0959
NFA, DYOR.
