Didnt think $INIT had another leg in it after the first pump to 0.2066, honestly.
It did. Went from 0.12 to 0.3319 in under two days, more than double from where it started yesterday.
The big candle got dumped hard to 0.24 straight after, and buyers stepped in right away. Now it's grinding back near 0.30 with smaller volume.
For me 0.275 is the line on the 15m, thats where the fast EMA is riding. Lose that and old high around 0.237 is the next real spot.
A clean push through 0.332 means the move still has people chasing it. Volume fading into the high would make me careful though.
It did. Went from 0.12 to 0.3319 in under two days, more than double from where it started yesterday.
The big candle got dumped hard to 0.24 straight after, and buyers stepped in right away. Now it's grinding back near 0.30 with smaller volume.
For me 0.275 is the line on the 15m, thats where the fast EMA is riding. Lose that and old high around 0.237 is the next real spot.
A clean push through 0.332 means the move still has people chasing it. Volume fading into the high would make me careful though.
