$INIT Trade Signal – 25 April 2025
INIT has shown a massive breakout, soaring over 50% in the last 24 hours, currently trading at $0.9219 after hitting a high of $0.9857. Strong bullish momentum is evident, with volume and moving averages aligning in favor of the trend.
Long Entry:
Enter above $0.9250 after confirmation of a breakout candle.
Target 1: $0.9850, Target 2: $1.05
Stop-loss: $0.8900 to minimize risk.
Short Entry:
Consider shorting below $0.8900 if the price breaks the 25 MA (pink line) support.
Target 1: $0.8520, Target 2: $0.8000
Stop-loss: $0.9300 if price reclaims momentum.
Bias: Bullish trend holding as long as price stays above the 7 MA and 25 MA crossover.
Volume spike and strong price action indicate active participation—ideal for day and swing traders. Watch for confirmation before entry.