$INIT Fighting to Reclaim Ground – Breakdown Recovery or Bear Trap?
After a strong drop, INIT is staging a mild recovery, attempting to reclaim the short-term breakdown zone. Volume is holding steady, but bulls need to flip resistance into support for trend confirmation.
Key Levels to Watch
Resistance Zone: 0.4620 – 0.4680
Support Zone: 0.4500 – 0.4460
Trade Setup – Wait for Confirmation at the Zone Edge
Bullish Entry: Above 0.4680
Target 1: 0.4760
Target 2: 0.4850
Final Take: 0.4950
Bearish Entry: Below 0.4460
Target 1: 0.4385
Target 2: 0.4310
Final Take: 0.4220
Market is undecided here — a clean break above resistance may trigger a reversal wave, but failure to push through could bring fresh selling. Manage entries with volume confirmation and tight risk control.