$INIT is showing strong recovering movement amidst huge announcements.
🚨 WHY I‘M LONG ON
$INIT / USDT 🚨
Spotting a potential gem here. The charts and the fundamentals are starting to align.
Here‘s my simple case for going long on INIT. 👇🧵
1. The "Funding Rate" Signal 🔍
Big news dropped yesterday. Both KuCoin and BingX have officially changed the funding rate settlement for INITUSDT Perpetual Contracts from every 8 hours to every 1 hour .
Why does this matter? More frequent settlements often mean exchanges are preparing for higher volatility and volume.
It keeps the price anchored to the spot market and shakes out weak hands—perfect for a buildup before a move.
2. The Technicals: The "Symmetrical Triangle" 📐
On the daily, INIT is printing a classic Symmetrical Triangle pattern (Lower highs vs. Higher lows) .
We are currently approaching the apex, which means a massive breakout is imminent .
· Bullish Target (if we break up): 1.20 USDT - 1.40 USDT .
· The volume profile suggests buyers are stepping in quietly at the support trendline.
3. Market Sentiment: Fear = Opportunity 😨
Social chatter on Binance Square shows a split between "buy the dip" posts and panic over the recent -20% drop .
When the crowd is this uncertain at a technical support level, that‘s usually where the smart money accumulates.
My Play:
· Entry Zone: Watching for a clean break and close above the descending resistance line with volume .
· Why Long: The combination of exchange-level parameter changes (funding rate) + textbook technical setup is too strong to ignore.
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