$INIT Ready to Rebound Bulls Eye $0.8400 & $0.8900 in Next Leg Up❗$INIT just bounced from a 24H low of $0.7722 and is now showing signs of recovery at $0.7959. With RSI climbing back from oversold territory (45.33) and early buyers stepping in, the setup looks ripe for a bullish reversal if momentum builds.
📊 Trade Setup:
• Entry Zone: $0.7850 – $0.8000
• TP1: $0.8400 (near-term resistance)
• TP2: $0.8900 (24H high retest)
• Stop-Loss: Below $0.7700 (recent low)
If $INIT can hold above the $0.7850 support band, expect a wave of follow-through buying toward key breakout zones.