$INIT Layer 1/Layer 2 Gainer Poised for Reversal!
Trade Signal: Bullish
Entry Points:
Entry 1: $0.5500
Entry 2: $0.5200
Stop Loss:
$0.4400
Take Profits:
TP1: $0.6200
TP2: $0.6800
TP3: $0.7500
TP4: $0.8000+
Remember it's a Swing and Spot Trade, Manage your position according to the risk
Why this trade:
INIT/USDT, categorized as a "Layer 1 / Layer 2 Gainer," has seen a significant pullback but is now showing signs of potential reversal from its 24-hour low. The price is currently consolidating near a major support level, suggesting renewed buying interest could be emerging. This trade aims to capitalize on a potential bounce or a trend reversal, as the token attempts to recover. Given its classification, there could be underlying fundamental strength that supports a rebound.