Is $INIT actually weak at $0.1259, or is this just a flush before the next move? 👀
Down 10.86% today, with $2.46M traded. The 4h move is uglier at -11.4%, but RSI is still 49 and price remains above the 20d and 50d MAs.
That matters.
Volume is only 0.1x its 20d average, while longs pay 0.005% funding. $XRP holders know this kind of setup can snap fast. At $0.12, I’d watch for a reclaim, not chase the first bounce. 📉
Is $INIT loading or leaking here?
What am I missing? 🤔
#INIT #Binance
Down 10.86% today, with $2.46M traded. The 4h move is uglier at -11.4%, but RSI is still 49 and price remains above the 20d and 50d MAs.
That matters.
Volume is only 0.1x its 20d average, while longs pay 0.005% funding. $XRP holders know this kind of setup can snap fast. At $0.12, I’d watch for a reclaim, not chase the first bounce. 📉
Is $INIT loading or leaking here?
What am I missing? 🤔
#INIT #Binance