$INIT /USDT APPROACHING CRUCIAL SUPPORT CAN IT HOLD THE LINE.
$INIT has dropped from a recent high of $0.7459 and is now trading at $0.6805, showing slight recovery after tagging the $0.6637 low. The market structure is tilting bearish short-term, but a strong bounce could flip the script.
Current Price Structure:
• 24H High: $0.7459
• 24H Low: $0.6637
• Key Support: $0.6630
• Resistance: $0.7020
$INIT 📊 Trade Setup:
• Entry Zone: $0.6730 – $0.6850
• TP1: $0.7020
• TP2: $0.7250
• TP3: $0.7450
• Stop-Loss: Below $0.6620
Volume remains active, and if buyers defend the $0.6630 region, a bounce toward $0.70+ is likely. Keep it on radar this zone could spark the next move.