$INIT /USDT showing the ask/bid levels and price points across different ranges.

Here’s how you might consider this data for potential scalp or short-term trade setups:

⚡ INIT/USDT Short-Term Trade Setup

📊 Current Market Snapshot:

Ask Price: 1.3096

Bid Price: 1.3094

Support Zones (from your levels):

1.2000

1.6000

1.9000

2.2000

2.6000

Resistance Zones:

3.0000

(Volume levels appear to be around 0.2460 to 0.3200)

🟢 Bullish Setup (Breakout Play)

Entry Zone:

Look for a breakout above 1.3100 (if price starts to push higher with volume)

Confirmation:

Price holding above 1.3100, forming bullish candles on 15m–1h charts.

Volume above average (watch for any spike past the 0.2460 ask)

Targets:

TP1: 1.4000

TP2: 1.6000

TP3: 1.8000 (if breakout momentum continues)

Stop-loss:

Below 1.2500 (near recent low)

🔴 Bearish Setup (Rejection/Failing Breakout)

Entry Zone:

Watch for rejection at 1.3100 and a failure to break through with sustained volume.

Look for signs of weakness if the ask price starts to dip below 1.2500.

Confirmation:

Look for price to hold below 1.3100 with a strong bearish candle or failure to break the bid levels.

Targets:

TP1: 1.2000

TP2: 1.1000

TP3: 1.0000 (if heavy selling ensues)

Stop-loss:

Above 1.3200 (conservative) or 1.3300 (aggressive)

⚠️ Considerations:

Volume Analysis: Pay attention to the ask/bid spread and any significant changes in volume at key levels (e.g., 1.2000, 1.6000, etc.). Large orders may indicate where liquidity is.

Momentum: Watch for market momentum in the first 15m–1h of the trading session. Price action near 1.3100 may provide early clues.

Would you like me to check live data or charts for a more detailed setup?

#SaylorBTCPurchase #StrategyTrade #NewsTrade #Write2Earn! #INIT