$INIT spiked to 0.1987, then gave half of it back ⚡
Initia is still +27% on the week, and the structure since Oct 23 is clean higher lows. But that long wick at 0.199 shows heavy selling into the pump, and the last two 4H candles are red.
🔴 Spike zone: 0.185-0.199
🟢 EMA20 zone: 0.149-0.157
🟢 EMA50: 0.146
The trend is intact while price holds the EMA20. A bounce from 0.149-0.157 would be the classic higher low.
👉 Tap $INIT
for the live chart. NFA
Buy the dip or wait it out? 👇
#TopGainers #Altcoins #FOMCWatch
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance
Initia is still +27% on the week, and the structure since Oct 23 is clean higher lows. But that long wick at 0.199 shows heavy selling into the pump, and the last two 4H candles are red.
🔴 Spike zone: 0.185-0.199
🟢 EMA20 zone: 0.149-0.157
🟢 EMA50: 0.146
The trend is intact while price holds the EMA20. A bounce from 0.149-0.157 would be the classic higher low.
👉 Tap $INIT
for the live chart. NFA
Buy the dip or wait it out? 👇
#TopGainers #Altcoins #FOMCWatch
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance
