a short technical analysis and trade signal for $INIT šÆš„
/USDT based on the current data:
Technical Analysis:
Trend: Strong bullish momentum (+22.10% in 24h)
Support: $0.7291
Resistance: $0.7988 (recent high)
Volume: High (82.99M INIT) ā indicates strong interest
Price Action: Continuation pattern forming above previous resistance, now acting as support
Trade Signal:
Type: Long (Buy)
Entry Zone: $0.7900 ā $0.7940
Stop Loss: $0.7280 (below support)
Targets:
šÆ Target 1: $0.8250
šÆ Target 2: $0.8650
šÆ Target 3: $0.9100
Momentum:
Bullish
Supported by increasing volume and higher highs
RSI likely approaching overbought zone ā watch for short-term pullbacks before continuation
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