$INIT Ready to Bounce Target $0.8400 & $0.8900 in the Next Rise❗$INIT just bounced from a 24H low of $0.7722 and is now showing signs of recovery at $0.7959. With the RSI rising from the oversold zone (45.33) and initial buyers coming in, the setup looks ready for a bullish reversal if the momentum builds.
📊 Trade Setup:
• Entry Zone: $0.7850 – $0.8000
• TP1: $0.8400 (short-term resistance)
• TP2: $0.8900 (testing the 24H high)
• Stop-Loss: Below $0.7700 (recent low)
If $INIT can hold above the support band of $0.7850, expect a wave of follow-up buying towards key breakout zones.