$INIT

Current Price: $0.4567

Chart Basis: 2H (Binance Perpetual)

Pattern Identified: Falling wedge near support

Bias: Bullish reversal

📌 Trade Setup Summary:

Entry Zone: Current breakout zone ($0.4500–$0.4570)

Stop Loss: Below support at $0.4050

Take Profit Target: $0.6060

Reward Potential: +34.5%

Risk: ~10%

📉 Technical Breakdown:

✅ Clear falling wedge structure breaking upward

✅ Price bounced off a strong support zone around $0.405

✅ Increasing volume and buyer presence seen on VPVR near breakout

✅ Aggressive buyers front-running breakout as wedge compresses

📊 Risk/Reward Tip:

📉 SL just below wedge support gives a tight invalidation zone

📈 TP aligns with the next visible volume gap fill area on the right

R:R Ratio: ~3.4x 🔥 (High-quality risk/reward)

📢 Why Long?

INIT just broke out from a well-defined falling wedge at a high-volume support zone. This is a textbook bullish reversal pattern. Volume profile supports a push toward $0.60 as liquidity thins above. Ideal for a short- to mid-term momentum move.

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