INIT buy/Long Setup (4H)On INIT chart we do not yet have a bearish CH on the chart, and within the substructure, we can look for potential buy/long positions.
There is an unmitigated POI zone, and once the price reaches this area, we can look for buy/long setups.
The targets are marked on the chart.
A daily candle close
$INIT Bearish Trend ConfirmationAnalysis: OMXSTO:INIT is forming lower highs on the 4H chart, confirming a bearish trend below $0.85. The CCI is at -120, indicating oversold conditions, but no bullish reversal is visible. Short on a retest of $0.84, targeting $0.77, with a stop-loss at $0.86.
Key Levels: Resistance: $0.84, $0.86
$INIT High Volatility Signals CorrectionAnalysis: OMXSTO: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.
$INIT Showing Weakness Below $0.85Analysis: OMXSTO:INIT ’s momentum is fading, with the price slipping below $0.85 and the 1H Bollinger Bands contracting, signaling low volatility before a drop. The ADX is weakening (20), showing no trend strength. Short at $0.84, targeting $0.79, with a stop-loss at $0.86.
Key Levels: Resistance:
$INIT Bearish Setup on Resistance RejectionAnalysis: OMXSTO:INIT failed to break $0.85, forming a bearish pinbar on the 2H chart. The Stochastic RSI is dropping from overbought (85), and open interest is rising, indicating short pressure. Short at $0.84, targeting $0.80, with a stop-loss at $0.86.
Key Levels: Resistance: $0.85, $0.86 | Sup
$INIT Testing Critical Support BreakdownAnalysis: OMXSTO:INIT is struggling to hold the $0.85 level, with a 4H chart showing a breakdown below the 20-day EMA ($0.84). The RSI is oversold at 23, but no reversal candle has formed. Short on a retest of $0.84, targeting $0.77, with a stop-loss at $0.86.
Key Levels: Resistance: $0.84, $0.86
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