Been watching $INIT for a bit and damn, that 5m chart barely gave buyers a breather.
Already up 21%. Strong push, but chasing here feels like asking for trouble.
I'm watching 0.2620 for a possible long, with 0.2540 as the deeper entry if we get a liquidity grab.
25x cross on the original setup, 1% size. Not something I'd oversize.
If momentum holds, 0.2700 comes first. Then 0.2880 and maybe 0.3054 if buyers keep pressing.
Below 0.2460? I'm out.
Would move stop to breakeven after 0.2700 gets tagged.
But here's the thing — this move has been almost straight up. One nasty 5m candle could shake out late longs.
You buying the retest or expecting $INIT to dump before another leg up?
#INIT #INITUSDT #CryptoTrading
Already up 21%. Strong push, but chasing here feels like asking for trouble.
I'm watching 0.2620 for a possible long, with 0.2540 as the deeper entry if we get a liquidity grab.
25x cross on the original setup, 1% size. Not something I'd oversize.
If momentum holds, 0.2700 comes first. Then 0.2880 and maybe 0.3054 if buyers keep pressing.
Below 0.2460? I'm out.
Would move stop to breakeven after 0.2700 gets tagged.
But here's the thing — this move has been almost straight up. One nasty 5m candle could shake out late longs.
You buying the retest or expecting $INIT to dump before another leg up?
#INIT #INITUSDT #CryptoTrading
