$INIT

bullish crossover on $INIT—great catch. Here's a quick technical validation and trade logic.

Bullish Signals on INIT:

1H Trend: Bullish confirmation as fast MA crosses above the slow MA (often a signal of upward momentum beginning).

Current Price: Described as "low" — suggesting early in the potential uptrend.

Momentum Shift: This crossover typically attracts both short-term scalpers and swing traders.

Strategy Suggestion:

Entry Zone: Look to enter near the MA crossover or slight pullback for best risk-reward.

Stop-Loss: Place just below the recent consolidation or support (to protect against a fake-out).

Target: Scale targets depending on resistance zones—fib levels or prior highs work well here.

Bonus Tip:

If volume is increasing with the MA crossover, the trend has a higher probability of sustaining. You can also confirm the move using RSI (staying above 50), MACD alignment, or bullish candlestick patterns.

buy and trade here $INIT .