$INIT Showing Strong Reversal Attempt, $1 Target in Sight Pending Resistance Break! šš
On the 4h timeframe, $INIT is currently trading at $0.8079, marking a significant recovery of +24.35%! The 24h high is $0.8300, with a substantial trading volume of 89.57M INIT and 63.67M USDT, indicating strong buying interest after the reversal.
ā Key Observation:
#INIT is showing a strong reversal pattern after a previous downtrend, with bulls aiming for the $1 mark, contingent on breaking the immediate resistance.
Next Potential targets (after resistance break):
šÆ $0.8115 (immediate resistance level)
šÆ $0.9000 (potential next resistance level)
šÆ $0.9857 (previous high - significant resistance)
šÆ $1.0000 (psychological target)
š”ļøImportant Resistance Level (needs to be broken for bullish confirmation):
š”ļø $0.8115 (immediate resistance)
š”ļøImportant Support Level (to watch for potential pullback):
š”ļø $0.7500 (potential near-term support level)
š Stop Loss:
Consider setting a stop loss to protect against failed breakout attempts, perhaps around $0.7200.
Buy and trade here on $INIT
