$INIT USDT – BULLISH FLAG OR BREAKOUT RETEST? MOMENTUM BUILDING UP!
STRONG VOLUME SPIKE
SHARP REJECTION FOLLOWED BY RECOVERY
$INIT just printed a textbook breakout on the 4H chart, surging from the $0.4176 base to a peak of $0.5799 (+38%). After a brief pullback from resistance, buyers have stepped back in at $0.5166, confirming strength and support near previous consolidation.
This recovery candle signals renewed momentum, supported by high volume, which indicates that the bulls are not done yet. A clean reclaim above $0.55 could re-test the highs and open further upside.
Trade Setup (Bullish Continuation):
Long Entry: $0.528 – $0.535
Stop Loss (SL): $0.515
Target 1 (TP1): $0.560
Target 2 (TP2): $0.580
Target 3 (TP3): $0.600
Strong bounce off key support and volume-backed recovery signal continuation. Maintain tight risk management as it retests recent highs.
Latest Price: $0.5327 (+11.05%)
Outlook: Bullish as long as it holds above $0.515
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