$FIS #BinansSqare

What one of the traders said

#TrumpTariffs Looking at the INIT currency that reached a price of 0.3577, we can determine the first target based on the nearest resistance areas.

🔹 Current support: near 0.3500

🔹 Nearest resistance (first target): around 0.3700

This is a potential level that the currency could reach if it maintains the current buying momentum.

✅ RSI (Relative Strength Index):

If RSI is between 30–70 → the market is normal.

If RSI is above 70 → there is overbought (we may see a correction).

If RSI is below 30 → there is oversold (we may see a rebound).

📊 Based on recent movement data and short candles (15-minute to hourly timeframe):

RSI is currently around 55–60 → there is no clear overbought condition, the movement is considered normal.

Momentum is average; there is no explosion in volume indicating strong liquidity pumping.

In short: there is currently no significant overbought or oversold condition, and the movement seems balanced but requires monitoring in case RSI rises above 70.