$INIT Epic Dip & Reversal Strategy Revealed!

INITUSDT

Entry Level:

Marked at 1 0.3355 - 0.3370 USDT, indicating the intended entry point for a long position.
DCA (Dollar Cost Averaging): Set at 1.35 USDT, suggesting a level to add to the position if the price dips further.
Take Profit (TP) Levels:
TP1: 0.786 (0.3715) USDT
TP2: 0.618 (0.3997) USDT
TP3: 0.5 (0.4196) USDT
TP4: 0.0 (0.5036) USDT

Stop Loss (SL): Set at 1.272 (0.2898) USDT, above the entry to limit potential losses.
The price has recently dropped below the entry level, indicating a potential need to reassess the strategy or wait for a bounce.

Technical Indicators

RSI (Relative Strength Index): The RSI at the bottom shows a decline from around 50 to below 30 (oversold territory) in the recent period. This suggests the price may be oversold and could see a reversal or consolidation soon.