$INIT /USDT. With a current price around $0.6008 and a +200% move today, this looks like a high-momentum breakout, possibly news-driven or low float pump. Here’s a quick technical trade setup based on this:

Trade Type: Short-term Momentum (Scalp or Intraday Swing)

Chart Context (15m–1h):

MA60 is at 0.6577 — currently trading below it, signaling cooling off.

24h High: 0.7100

24h Low: 0.2000 (huge range, be cautious)

Volume Surge: Massive 24h volume, indicating strong interest and volatility.

Bullish Scenario:

If price reclaims above 0.6577 (MA60) with volume, it could reattempt 0.69–0.71 (24h high).

Entry: $0.658–0.665 (on breakout & retest)

Target 1: $0.690

Target 2: $0.710

SL: Below $0.630 (recent support zone)

Bearish Scenario:

If it keeps rejecting at MA60 and breaks below $0.590, it could revisit $0.550–0.500.

Entry: $0.590 breakdown

Target 1: $0.550

Target 2: $0.500

SL: $0.610 (just above rejection wick zone)

Risk Notes:

This looks like a low-cap/high-volatility token, so tight SLs and small position sizes are key.

Watch volume and order book depth closely.

If you're on futures, mind the funding rate and liquidation wick risk.

Would you like a chart markup or grid trade setup for INIT/USDT too?

#MarketRebound #BinanceAlphaAlert #dinnerwithtrump #Write2Earn! #INIT