INIT/USDT | Layer 1 | MA60 Resistance Test
Current Price: $0.0986 (+11.92% 24h)
24h Range: $0.0871 - $0.1031
MA60: $0.1003
Trade Idea:
Direction: Bearish Bias / MA60 Rejection
Entry Zone: $0.0990 - $0.1000
Targets (TP):
TP1: $0.0960
TP2: $0.0940
TP3: $0.0920
Stop Loss (SL): $0.1010
INIT
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Key Levels:
Resistance: $0.1003 (MA60), $0.1031, $0.1050
Support: $0.0980, $0.0960, $0.0940
Risk/Reward: ~1:2.5
Timeframe: 1H - 4H
Volume: Below Average (112,866 vs MA(5) 142,721)