$INIT /USDT – BREAKOUT PUSHES TO $0.77 BEFORE QUICK PULLBACK!
$INIT surged from the $0.67 zone to hit a 24H high of $0.7700, gaining +6.55% on the day. This sharp rise marks a fresh breakout from recent consolidation, but the upper wick and red candle show immediate selling pressure near the top.
MARKET SNAPSHOT:
Current Price: $0.7551
24H High: $0.7700
24H Low: $0.6852
Volume (INIT): 40.10M
Volume (USDT): 28.91M
TECHNICAL INSIGHT:
Breakout above $0.73 resistance
Sellers active near $0.77 with rejection candle
Support holding around $0.74 for now
TRADE SETUP:
Entry Zone: $0.74 – $0.755
Target 1: $0.78
Target 2: $0.82
Final Target: $0.86
Stop Loss: $0.719
PRO TIP: Wait for a 1H candle close above $0.765 to confirm strength before re-entering bullish momentum.
Buy & Trade Here on $INIT