$INIT COOLS OFF AFTER A BIG RUN – IS ANOTHER SURGE BREWING?
After exploding from $1.1210 to a high of $1.3668 in the past 24 hours, $INIT is now consolidating near $1.3564. Despite the pause, bullish momentum remains intact. Volume is steady at 29.78K—suggesting this could be just a breather before the next move.
Key Technical Zones:
• Resistance: $1.3580–$1.3668 – A breakout above here could fuel the next leg up.
• Support: $1.3200–$1.3300 – Bulls must hold this zone to keep control.
Trade Setup – Eyes Wide Open
Bullish Continuation Play:
• Entry: Above $1.3668
• Targets: $1.3900 (TP1), $1.4200 (TP2)
Bearish Pullback Play:
• Entry: Below $1.3200
• Targets: $1.2800 (TP1), $1.2400 (TP2)
Stop-Loss Levels:
• Longs: Below $1.3280
• Shorts: Above $1.3700
With strong momentum still in play, a break above $1.3668 with solid volume could spark another sharp rally. Keep this one on watch—it’s heating up again.
