**INIT/TetherUS**, here's the support and resistance analysis along with potential Stop Loss (SL) and Take Profit (TP) levels:
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### **Key Levels**
1. **Current Price**: 0.9197 (+2.51%)
2. **Immediate Resistance**:
- **0.9199** (BUY wall with 1.3000 volume)
- **1.0000** (psychological level)
- **1.0500** (next resistance)
3. **Immediate Support**:
- **0.9198** (SELL wall with minimal volume)
- **0.9197** (current price)
- **0.8920** (marked as "Low")
- **0.8500** (strong support zone)
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### **Stop Loss (SL) Suggestions**
- **Aggressive SL**: Below **0.9197** (just under current price).
- **Conservative SL**: Below **0.8920** (confirmed "Low" level).
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### **Take Profit (TP) Targets**
1. **Short-term TP**:
- **0.9199** (scalp the BUY wall).
- **1.0000** (psychological resistance).
2. **Mid-term TP**:
- **1.0500** (next resistance).
- **1.1000** (if momentum continues).
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### **Additional Notes**
- The **Area of Interest** is marked near **0.6** and **0.5**, suggesting potential reversal zones.
- **I-BoS** (likely "Imbalance of Supply") appears at **1.2000** and **0.9199**, indicating key liquidity areas.
**Trade Idea**:
- **Long** if price holds above **0.9197**, targeting **1.0000** (SL: 0.8920).
- **Short** if price breaks **0.8920**, targeting **0.8500** (SL: 0.9199).
