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$INIT / USDT – Rebound in Progress or Bull Trap? 🧩📉
$INIT is showing volatility, currently at $0.7386 (+4.26%) after hitting a daily high of $0.7980. Despite today's green candle, rejection at resistance is clear.
📥 Entry Zone: $0.7350 – $0.7450
🎯 Target 1: $0.7700 ✅
🎯 Target 2: $0.7980
🛑 Stop Loss: $0.7120
Momentum is recovering slightly, but lower highs dominate the trend. Volume is significant at 46.95M INIT, suggesting strong trader interest — but direction is uncertain.
🔥 Pro Tip: Wait for a confirmed 4H close above $0.7500 to enter safely. This area has been a rejection point in recent candles.
#INITtoken #Layer1Projects #BinanceNewListings #CryptoRebound #VolatilityWatch
$INIT is showing volatility, currently at $0.7386 (+4.26%) after hitting a daily high of $0.7980. Despite today's green candle, rejection at resistance is clear.
📥 Entry Zone: $0.7350 – $0.7450
🎯 Target 1: $0.7700 ✅
🎯 Target 2: $0.7980
🛑 Stop Loss: $0.7120
Momentum is recovering slightly, but lower highs dominate the trend. Volume is significant at 46.95M INIT, suggesting strong trader interest — but direction is uncertain.
🔥 Pro Tip: Wait for a confirmed 4H close above $0.7500 to enter safely. This area has been a rejection point in recent candles.
#INITtoken #Layer1Projects #BinanceNewListings #CryptoRebound #VolatilityWatch
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