$INIT

Signal: BUY 🚀🌱INIT/USDT (2-Day Hold)🎯🔥

Entry Zone: 0.665 – 0.685

Take Profit Targets:

TP1: 0.720

TP2: 0.755

TP3: 0.795

Stop Loss: 0.640

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Technical Analysis:

Current Price: $0.6815, down -16.50%, but bouncing near 24h low of $0.6609.

Support Zone: Strong bids likely between 0.660–0.670 based on order depth.

Resistance: 0.720 and 0.795 are key recovery levels after the dip from 0.8319.

Volume: High (52.98M INIT / $38.40M USDT) — indicates active interest.

Indicators:

RSI: Oversold zone — likely reversal candidate.

MACD: Bearish, but flattening — watch for potential bullish crossover.

Bollinger Bands: Price testing lower band — possible bounce setup.

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Trade Strategy & Risk Management:

Use 1.5% risk of capital.

Consider dollar-cost averaging within entry zone.

Book TP1 early, then trail stop.

Best for aggressive short-term traders seeking rebound plays on dips.

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