$INIT /Confirmation of the bullish reversal — a strong bounce from the bottom area!💯🔥
It has strongly rebounded from the level of $0.6311 and is now trading at $0.6889, an increase of +8.28%.
The Parabolic SAR indicator has flipped from the bottom, indicating a change in direction towards bullish.
Breaking above the SAR resistance at $0.6900 may trigger continuation towards the major psychological levels.
Trading volume supports the movement, and if $0.6900 is broken strongly, we may see a rise towards $0.72.
Caution is advised if it fails to hold above $0.6800.
Trade Setup (Long):
Entry Zone: $0.6850 – $0.6900
Target 1: $0.7060
Target 2: $0.7260
Stop Loss: $0.6620
Buy and trade here on $INIT
