$INIT BREAKOUT OR PULLBACK?
INIT is currently trading at $0.8390, showing early signs of recovery but still facing nearby resistance. The next move will reveal whether bulls can take control or sellers maintain pressure.
Key Levels to Watch:
• Resistance: $0.8500 – A breakout above this zone could trigger a fresh rally.
• Support: $0.8260 – Losing this level may expose INIT to deeper downside risks.
Trade Setup – Get Ready for Volatility!
Bullish Entry:
A confirmed move above $0.8500 could target:
• TP1: $0.8800
• TP2: $0.9000
Bearish Entry:
A break below $0.8260 could target:
• TP1: $0.8050
• TP2: $0.7800
Stop-Loss:
Use tight stop-loss placements to manage risk and avoid unexpected reversals.