【$INIT Signal】Pullback to Long Entry + 1H Level Rebound Trading

$INIT After experiencing a massive rally, the 1H level is pulling back to key support areas for consolidation. The 4H level shows the price has stabilized above the moving average, but short-term profit-taking is needed. Currently, the negative funding rate is significant, and open interest remains stable, indicating that bears are still paying high fees, with potential for short covering. The 1-hour RSI has fallen from overbought levels to a neutral zone, preparing for another upward move. The order book shows deep buy-side support in the 0.0866-0.0867 range, providing solid support below.

🎯 Direction: Long

⚡ Entry/Order: 0.0847 - 0.0868

🛑 Stop Loss: 0.0830

🚀 Target 1: 0.0915

🚀 Target 2: 0.0945

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price fails to hold above 0.0870 and falls back into the lower part of the entry zone, consider exiting and observing.

Order Book Logic: Over the past 24 hours, the price has increased by 7.5% with volume expansion, but open interest has not decreased significantly, indicating funds are supporting the price or absorbing sell-offs. The 1H price is testing the EMA20 support, while the 4H EMA20 and EMA50 are about to form a golden cross, suggesting a medium-term trend strengthening. Coupled with a significant negative funding rate, this provides a rationale for a short-term low-buy rebound trade. The key is whether the price can stabilize in the support zone and volume again.

View real-time market 👇 $INIT

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