$INIT: WAIT - price sits mid-range with no fresh trigger.
What happened: Initia crashed from 0.395 to 0.108 and now holds between 0.1115 and 0.129. It sits at 0.1198 near the middle while Bitcoin stays weak near 69275.
Entry: 0.1275, only if an hourly candle taps above 0.129 then closes back under it.
Stop loss: 0.12968, about 1.7 pct above entry.
Target 1: 0.12025, gives 2.9 times the risk.
Target 2: 0.1115, gives 6.5 times the risk.
Avoid buying here, mid-range entries pay poorly while Bitcoin stays weak.
What cancels the idea: an hourly candle close over 0.12968 kills the short.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: Initia crashed from 0.395 to 0.108 and now holds between 0.1115 and 0.129. It sits at 0.1198 near the middle while Bitcoin stays weak near 69275.
Entry: 0.1275, only if an hourly candle taps above 0.129 then closes back under it.
Stop loss: 0.12968, about 1.7 pct above entry.
Target 1: 0.12025, gives 2.9 times the risk.
Target 2: 0.1115, gives 6.5 times the risk.
Avoid buying here, mid-range entries pay poorly while Bitcoin stays weak.
What cancels the idea: an hourly candle close over 0.12968 kills the short.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
