Price: 0.4121 | EMA7: 0.42 | EMA25: 0.43 | RSI14: 41.5 | Resistance: 0.5768 | Support: 0.3874 | Average Volume: 2540340.55 | Volume Trend: Decreasing
INITUSDT looks bearish in the short term.
* **Long/Short Entry:** Consider shorting around the resistance at 0.5768. A long entry could be attempted if support at 0.3874 holds and the price rebounds.
* **Spot Buy Price:** Wait for a clear bullish reversal signal before considering a spot buy. Look for a move above the EMA25 (0.4272) with increasing volume.
**Cautions:**
* **Decreasing Volume:** This suggests weakening buying pressure.
* **RSI below 50:** Indicates bearish momentum.
Remember, this is just a brief technical analysis. Conduct further research and consider your risk tolerance before making any trading decisions.