Analysis: 
INIT’s 24.5% daily range indicates extreme volatility, with the price at $0.85 showing no follow-through after a recovery. The 4H MACD is bearish, and the Parabolic SAR flipped above the price. Short at $0.85, targeting $0.78, with a stop-loss at $0.87.
Key Levels: Resistance: $0.85, $0.87 | Support: $0.78, $0.73
Indicators: MACD (Bearish), Parabolic SAR
INIT’s 24.5% daily range indicates extreme volatility, with the price at $0.85 showing no follow-through after a recovery. The 4H MACD is bearish, and the Parabolic SAR flipped above the price. Short at $0.85, targeting $0.78, with a stop-loss at $0.87.Key Levels: Resistance: $0.85, $0.87 | Support: $0.78, $0.73
Indicators: MACD (Bearish), Parabolic SAR
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.