$INIT 🚀 🚀 BULLISH MOMENTUM 💪 🚀
INIT Trade Setup – May 20, 2025
Current Price: $0.8914 USDT
24h Volume: $24.88 million USDT (indicates strong trader interest and liquidity)
Technical Overview
Trend:
INIT has been in a short-term uptrend, gaining momentum with rising volume.
Currently consolidating just below a key psychological resistance at $0.90.
Trade Setup
Scenario 1 – Breakout Trade:
Entry: $0.9050 (confirmed breakout above $0.90)
Target 1: $0.9450
Target 2: $1.00
Stop-loss: $0.8750
Scenario 2 – Pullback Buy:
Entry: $0.8600–$0.8750 (pullback zone)
Target: $0.9000–$0.9450
Stop-loss: Below $0.8200
Risk/Reward Consideration:
Maintain tight stops under support to reduce downside
Consider trailing stop above $0.9450 in breakout scenario