$INIT /USDT BULLISH FLAG FORMATION INDICATES POTENTIAL UPSIDE BREAKOUT!
After a strong rally from below $1.00, $INIT /USDT has entered a consolidation phase forming a bullish flag pattern just below resistance at $1.16. Price is currently stabilizing above key support and preparing for a potential continuation breakout. Momentum is favoring bulls as candles are tightening near the upper band.
Trade Setup:
Entry (Long): 1.1580 – 1.1600
Take Profit (TP): 1.2000 / 1.2110
Stop Loss (SL): 1.1405
Market Outlook:
A breakout above the 1.16 resistance zone will likely trigger another upward leg. The volume remains healthy, and the bullish structure suggests strong follow-through potential.
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