$INIT BREAKOUT LOOMING OR EXHAUSTION AHEAD?
$INIT is currently trading at $0.6985, up 11.35% today, and stabilizing just under local resistance after a strong intraday climb. Price is coiling tightly in a narrow range—momentum is building for the next big move.
Key Price Levels:
• Resistance Zone: $0.7030 – $0.7200
A breakout above this level could drive a fresh leg higher toward:
• TP1: $0.7350
• TP2: $0.7480
• Support Zone: $0.6920 – $0.6820
Losing this zone could lead to a deeper retracement toward:
• TP1: $0.6670
• TP2: $0.6540
Trade Setup – Watch for Directional Break:
• Bullish Entry: Confirmed breakout above $0.7030
• Targets: $0.7350 and $0.7480
• Stop-Loss: Below $0.6920
• Bearish Entry: Breakdown below $0.6820
• Targets: $0.6670 and $0.6540
• Stop-Loss: Above $0.7030
Price is consolidating with low volume—expect volatility on the next decisive move.
