$INIT /USDT BULLISH REVERSAL IN PLAY – BUYERS STEP IN STRONG FROM LOCAL SUPPORT!
$INIT has shown a sharp bounce from the $0.67 region after forming a local double-bottom structure. The bullish engulfing candles on the 1H chart indicate rising demand and renewed buying pressure. Price is now pushing toward the $0.70 resistance with volume gradually increasing.
Trade Setup (Long):
Entry: 0.6960 – 0.7000
Take Profit: 0.7250 / 0.7500
Stop Loss: 0.6820
Market Outlook:
Momentum is shifting bullish after a prolonged downtrend. If INIT can reclaim and close above 0.70, expect continued upside toward 0.75. Keep an eye on volume confirmation and protect capital with a trailing SL once TP1 hits.
Command: Catch the early reversal and ride it to the top!
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