Breakout + Retest = Big Opportunity!
$INIT just broke out above a key resistance level around 0.7100, and now it's retesting that area as support — classic bullish setup. This retest looks solid, showing strength and holding firm, which often signals a continuation to the upside.
With the broader market heating up — just look at $BTC and $ETH gaining steam — this could be the perfect entry point for a strong move ahead.
Eyes on $INIT the bulls are charging!
Potential setup for traders:
Entry: 0.7130 – 0.7170
Take Profit (TP): 0.7350 / 0.7480
Stop Loss (SL): 0.7045
Market Outlook:
The breakout-retest structure signals bullish control as long as the support around 0.7100 holds. If volume picks up on the next move, $INIT is likely to revisit recent highs. Ideal for short-term scalps or a quick swing.
Command: “Breakout caught, profits unlocked — now ride the trend!”
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