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$INIT / USDT – Support Retest After Sharp Drop, Bounce Watch Active🌊
$INIT has dropped back to $0.6512, testing key short-term support after a high at $0.7284. The price is showing signs of stabilization near the 4H demand zone, with a potential for a technical bounce if $0.6417 holds.
Trade Setup:
Entry Zone: $0.6480 – $0.6560
Target 1: $0.6820
Target 2: $0.7100
Final Target: $0.7350
Stop Loss: $0.6380
A clean break above $0.6660 with volume confirmation could validate reversal structure. Eyes on momentum shift in the next 1–2 candles.
#INITWatch #CryptoBounce #AltcoinSetups #CryptoTrading #BinanceMoves
$INIT has dropped back to $0.6512, testing key short-term support after a high at $0.7284. The price is showing signs of stabilization near the 4H demand zone, with a potential for a technical bounce if $0.6417 holds.
Trade Setup:
Entry Zone: $0.6480 – $0.6560
Target 1: $0.6820
Target 2: $0.7100
Final Target: $0.7350
Stop Loss: $0.6380
A clean break above $0.6660 with volume confirmation could validate reversal structure. Eyes on momentum shift in the next 1–2 candles.
#INITWatch #CryptoBounce #AltcoinSetups #CryptoTrading #BinanceMoves
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