$INIT
/USDT Long Trade Signal Alert .!ššÆ
$INIT has corrected and is now hovering near short-term oversold levels. With a healthy $24M+ in 24h volume and a tight range forming near $0.67ā$0.69, INIT may be setting up for a relief rally from Layer 1/2 interest rebound.
Entry
Entry Zone: $0.675 ā $0.705
Accumulation near lower range boundary favored; early confirmation needed above $0.72.
Targets
šÆ Target 1: $0.765 ā intraday high resistance
šÆ Target 2: $0.810 ā minor breakout zone from recent spike
šÆ Target 3: $0.880 ā reclaiming the momentum zone from last rally
Stop Loss
Below $0.662 ā strong breakdown would invalidate bullish thesis.
Key Levels
Support: $0.672, $0.645
Resistance: $0.765, $0.810
Pivot: $0.725 ā this level must flip to signal continuation
Pro Tip
Watch for a bullish engulfing 4h candle or strong wick rejection under $0.675 ā INIT often springs from oversold with volume follow-through. A close above $0.73 with solid volume could trigger a fast squeeze toward higher targets.
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