$INIT

INIT

0.1256

+10.56%

has reached overbought conditions, indicating a potential sharp correction.

Trade plan: Short

Entry zone: 0.1289 - 0.1248

Take profit targets:

TP1: 0.1201

TP2: 0.1162

TP3: 0.1105

Stop loss: 0.1321

With the H4 RSI at 90 and divergence signals at the 0.135 peak, a technical correction towards the EMA support levels is highly probable.