$INIT /USDT – “Bounce or Bull Trap?”
Entry Zone: $0.5380 – $0.5420
Targets: $0.5510 / $0.5650 / $0.5820
Stop Loss: Below $0.5230
Market Insights:
$INIT has shown a sharp pullback from $0.5732 to a low of $0.5239, followed by a strong bounce candle. While this may signal a reversal, the Parabolic SAR is still bearish, and the bounce must hold above the $0.538–$0.542 zone to confirm continuation.
Next Move:
Wait for volume confirmation and SAR flip. If price consolidates above $0.542 with increasing buy volume, a breakout toward the previous high is likely.
Would you like me to format similar callouts for the other charts you posted (e.g. $Dexe, $Ogn, $MLN, $Manta)?
#CardanoDebate #IsraelIranConflict #BinanceHODLerHOME #Write2Earn #Write&Earn