$INIT STRONG RECOVERY IN PLAY: WILL BULLS CRACK RESISTANCE?
$INIT/USDT is trading at $0.9395, gaining +6.29% on the day. After bouncing from $0.9270, the price is pressing into a layered resistance zone. Momentum is picking up, but sellers remain active near the highs.
Key Price Levels:
• Resistance Zone: $0.9440 – $0.9600
• Support Zone: $0.9260 – $0.9300
Trade Setup:
Bullish Scenario:
• Entry: Break above $0.9440
• TP1: $0.9540
• TP2: $0.9600
• SL: Below $0.9300
Bearish Scenario:
• Entry: Below $0.9260
• TP1: $0.9100
• TP2: $0.8960
• SL: Above $0.9400
$INIT is testing a key zone after a strong bounce. A confirmed breakout could fuel another leg up, while rejection may trigger a quick retrace. Watch closely.
