$INIT – BULLISH MOMENTUM WITH POSSIBLE SHORT-TERM PULLBACK#MarketRebound
TRADE SETUP (LONG IDEA WITH CAUTION)
• Entry: $1.0500 – $1.0600 (if price holds above $1.05 with steady volume)
• TP1: $1.1020
• TP2: $1.1200
• TP3: $1.1350
• Stop-Loss: $0.9900
$INIT /USDT is trading at $1.0520 (+4.27%), just below its 24h high of $1.1029. The price has been rising with some momentum, but there may be a pullback near resistance levels before any potential continuation.
• Outlook: The price has recently tested highs and may face resistance near $1.10. If the price can break and hold above $1.10 with good volume, it may continue to rally.
PRO TIP: Watch for price action confirmation above $1.10 to enter for a stronger bullish move. A break below $1.00 could invalidate the bullish thesis.
#BinanceAlphaAlert #MarketRebound
This is a high-risk bounce trade — ideal for scalping or quick gains. Not financial advice — always DYOR! ✅