$INIT Post-Spike Consolidation Near Re-Accumulation Zone

$INIT soared 25% from $0.6377 to $0.7961 before cooling off to $0.7318. Strong impulse wave followed by tight consolidation market showing signs of healthy re-accumulation.

Trade Setup (Long Bias)

Entry Zone: $0.7165 – $0.7315

TP1: $0.7650

TP2: $0.7900

TP3: $0.8200

Stop Loss: $0.6930

Key Level: $0.75 breakout could unlock the next rally phase. Watch for volume confirmation near breakout range.

Structure: Bullish impulse → pullback → base building

Momentum: Slowing but intact above $0.7150

Volume Insight: Awaiting confirmation next move likely on uptick.