【$INIT Signal】Pullback to accumulate and second surge, 1H level preparation

$INIT After experiencing a massive rally, the 1H level is currently in a consolidation phase to digest gains. The price oscillates within the 0.093-0.105 range, with the 1H EMA20 (0.0952) providing immediate support. On the 4H level, an epic bullish candle confirms strong momentum. The current pullback is a healthy correction, and stable open interest indicates that funds are not significantly withdrawing. The negative funding rate (-0.1757%) suggests a risk of short covering, which is a typical strong coin correction pattern.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0945 - 0.0960 (Reason: 1H EMA20 support zone and dense area of the previous 1-hour low points)

🛑Stop loss: 0.0928 (Reason: Break below the previous 4-hour candle’s low and the key psychological level 0.093)

🚀Target 1: 0.1050 (Reason: Upper boundary of the previous 1-hour consolidation zone and initial resistance)

🚀Target 2: 0.1135 (Reason: Near the previous high and potential test level after the 4H surge)

🛡️Trading management:

- Position suggestion: Light position (Reason: Extremely high volatility, ATR reaches 0.0076, risk control necessary)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks above 0.1050 and stabilizes, consider targeting 0.1135 for the remaining position.

Deep logic: The coin has gained over 50% within the 4-hour cycle, with volume surging, indicating typical hot money inflow. Although current buy-side depth slightly favors (depth imbalance 7.45%), the order book is dense, showing fierce battle between bulls and bears. The 1H RSI (55.61) has retreated from overbought territory to neutral, providing room for another upward move. The key is whether the price can stabilize above the 1H EMA20. If it does, combined with the negative funding environment, it can easily trigger short covering and a second surge. Risks include a weakening market sentiment or profit-taking pressure.

Trade here 👇 $INIT

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