💎 Jewel-like precision on
:#CPIWatch $USDC How to take profit at the peak! 🚀
Look at this chart! Today we are analyzing the perfect timing case on the INIT/USDT pair. When technique meets patience, you get exactly these "jewel-like" entries and exits.
📊 What do we see on the chart:
• Current price: \bm{0.1064} (Growth +50.50% in 24h!).
• Entry (Buy): A clearly executed entry point on the impulse when trading volume began to confirm the bullish sentiment.
• Exit (Sell): The fixation occurred almost at the very top (\bm{0.1381}), just before the start of the correction. This is what is called — not being greedy and taking your own! 💰
🔍 Technical view:
1. RSI: At the peak, the indicator signaled strong overbought (zone above 70), which became an excellent signal for fixation. Now the RSI has cooled down to a comfortable 44-52, allowing the market to breathe.
2. Volumes: We see a strong surge in volume (\bm{22} million USDT), which pushed the price up.
3. MACD: A phase of correction is visible after the turbulent growth, the histogram has moved into the red zone, confirming the correctness of the timely exit from the position.
🎯 Forecast and opinion:
After such a powerful pump, the asset logically went into correction towards support levels around $0.095 - $0.100. If INIT holds this range, consolidation and a new attempt to storm heights may be possible. But for now — we are watching from the sidelines with profit in our pocket!