$INIT /USDT Bullish Rally in Motion — Buyers Take the Helm!

$INIT is currently trading at $0.5820, showing a promising V-shaped recovery after a deep drop to levels below $0.5500. The price has rebounded strongly and breached the short-term resistance at $0.5750, indicating renewed interest from buyers and the potential for a continued upward trend.

Trade Setup:

Long Entry: 0.5780 - 0.5820

Take Profit Targets:

TP1: 0.5950

TP2: 0.6100

Stop Loss: 0.5680

Market Outlook:

Momentum is shifting towards bullish with higher lows being formed. If the price stays above the $0.5800 range, it is likely to test the psychological level at $0.6000. Watch for volume confirmation on the next move up.

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INITUSDT

Permanent

0.5899

-3.07%