$INIT INIT/USDT Showing Strong Rebound — Momentum Building?

INI/USDT is currently showing a strong rebound on the 4-hour chart, up +23.86%, with bullish momentum confirmed by several indicators:

Price Action: Bounced from the lower Bollinger Band (0.57) and now challenging midline resistance at 0.7494. High volume candle supports the move.

MACD: Bullish crossover with histogram expansion, signaling growing buying pressure.

Stochastic RSI: Overbought (90+), showing strong momentum, but caution for possible near-term correction.

RSI: Rising and currently at 64.89, not yet overbought but nearing key levels.

Bollinger Bands: Bands widening, indicating potential for continued volatility and breakout expansion.

Short-Term Outlook: If INI/USDT can hold above 0.75 and break the 0.82–0.83 resistance zone, it may revisit the recent high near 0.9870. However, watch for pullbacks if price rejects near upper Bollinger Band (0.9281).

Trade Idea: Consider a buy-on-dip strategy toward the 0.74–0.75 zone with tight risk management. Stop-loss below 0.70, target range 0.90–0.98.