$INIT /USDT – BULLISH BREAKOUT UNDERWAY 🚀 | TECHNICAL ANALYSIS
📈 Current Price: $0.5599 (+14.41%)
🔼 24h High: $0.5821
🔽 24h Low: $0.4682
🧠 Category: Layer 1 / Layer 2
🔍 TECHNICAL OVERVIEW
INIT/USDT is showing strong bullish momentum after bouncing from the $0.4682 level, now breaking resistance with high volume – indicating potential for further upside.
📊 Key Support Levels:
$0.5400 🛡️
$0.5000 (Major support zone)
📈 Key Resistance Levels:
$0.5820 (Immediate resistance) 🚧
$0.6000 (Psychological round level)
📌 TRADE SETUP – LONG POSITION
🟢 Entry Zone: $0.5550 – $0.5650
🎯 Targets (TP):
TP1: $0.5820
TP2: $0.6000
TP3: $0.6250
🛑 Stop Loss (SL): $0.5320 below key support
📉 RISK MANAGEMENT
✅ Risk/Reward: 1:2+
🔒 Use 1–2% of capital per trade
💡 Stick to stop-loss and take-profit levels
🔥 Momentum favors the bulls – ride the trend, but protect your capital! 🔥
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