$INIT BREAKOUT OR PULLBACK?

INIT/USDT is currently trading at $0.8767, hovering just below local resistance. Bulls are attempting to reclaim higher ground after a sharp rally earlier in the day, but price is consolidating near a key decision zone. The next few candles will reveal whether this is a continuation or a temporary top.

Key Levels to Watch:

• Resistance: $0.8830 – A breakout above this level could trigger a move toward $0.9000 and possibly $0.9150.

• Support: $0.8620 – A breakdown below this level may lead to further downside toward $0.8450 and $0.8300.

Trade Setup – Prepare for High Volatility

Bullish Scenario:

• Entry: On a confirmed breakout above $0.8830

• TP1: $0.9000

• TP2: $0.9150

Bearish Scenario:

• Entry: On a clean breakdown below $0.8620

• TP1: $0.8450

• TP2: $0.8300

Stop-Loss: Use tight stops just below entry zones to protect capital. Watch volume closely for confirmation.

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