$INIT After spiking to a high of $0.9857, $INIT pulled back and is now trying to regain ground, trading around $0.8490. Despite a mild -3.63% slip over the last 24 hours, signs of stabilization are emerging as price holds steady above the $0.8000 zone.
#INIT Volume remains strong (122.33M), and although the order book shows heavier selling pressure (82.84% on ask), a break back above $0.8700 could spark renewed bullish momentum.
📊 Trade Setup:
Entry Zone: $0.8400 – $0.8600
First Target (TP1): $0.9100
Second Target (TP2): $0.9850
Stop-Loss: Below $0.7700 to protect from deeper downside
Pro Tip:
If $INIT can reclaim $0.8700 with strong volume, it could set the stage for a sharp reversal rally. Watch closely—buyers may be loading up quietly!