Price: 0.1272 | EMA7: 0.13 | EMA25: 0.16 | RSI14: 33.1 | Resistance: 0.5039 | Support: 0.0354 | Average Volume: 16780284.19 | Volume Trend: Increasing
Based on the 1-day chart of INITUSDT, I would provide the following analysis:
**Short Selling Recommendation**:
Given the bearish momentum (price below both EMAs), the RSI below 50, and the negative MACD, a long/short entry could be considered at around 0.123-0.125 (supporting the price action and RSI levels) as bearish momentum seems to be still gaining traction.
**Spot Buy Recommendation**:
However, considering the increasing volume and some bullish divergence signals from the RSI, a spot buy might be considered at around 0.108-0.111 (below the support level and considering past price movements). However, this is quite a gamble and one needs to be prepared for potential losses.
**Long/Short Entry Price: ** 0.123-0.125
**Spot Buy Price:** 0.108-0.111