🚨 $INIT/USDT – Bullish Recovery Gaining Momentum! 🔥
Current Price: $1.2884 (+15.25%)
After a sharp pullback from the $1.37 high, $INIT is bouncing hard from key support at $1.24—a V-shaped recovery is in motion and bulls are back in the driver’s seat!
📊 Market Structure:
• Sharp dip absorbed at $1.24
• Bullish structure reclaim underway
• Strong push on 15M chart with rising volume
📍 Key Levels:
• Support: $1.24 – $1.20
• Resistance: $1.32 → $1.37
🎯 Trade Setup:
• Entry Zone: $1.27 – $1.29
• Take Profits:
‣ TP1: $1.32
‣ TP2: $1.36
‣ TP3: $1.42
• Stop Loss: $1.23
⚡ Why It Matters:
• Buyers defending support with conviction
• Price reclaiming intraday structure after a deep correction
• V-reversal setups often lead to explosive breakouts
💡 Pro Tip:
Watch for a 30M candle close above $1.30 with volume expansion. That’s your confirmation for continuation—avoid shorting into strength.
📈 INIT is heating up fast—stay ready or risk missing the breakout.