🚀 Initia (INIT) – A rising Layer 1 rookie
📊 Trading strategy
Scenario 1 – Open Long position
• Reason to enter: Price breaks above the resistance level of $1.22 with strong trading volume, confirming an uptrend.
• Entry zone: $1.10 – $1.15
• Stop-loss (SL): $1.00 (Below the nearest support)
• Take-profit (TP): $1.30 – $1.40
• Probability of success: 70% (Based on technical signals and strong inflows) 
Scenario 2 – Open Short position
• Reason to enter: Price fails to stay above $1.22 and shows signs of a bearish reversal.
• Entry zone: $1.20 – $1.22
• Stop-loss (SL): $1.25 (Above the nearest resistance)
• Take-profit (TP): $1.00 – $0.95
• Probability of success: 60% (Based on the likelihood of a correction after a strong rally)
Note: The market is in an exuberant state; tight risk management is required and closely monitor technical signals.
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🔗 Trade INIT
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