Buy trade signal on pair $INIT USDT 🟢 - Confirmation of rebound from the demand zone
The pair $INIT USDT tested a critical support area near 0.4165, with buyers entering to defend it. The price is now showing an upward trend on the lower time frame, forming a potential reversal pattern with increasing trading volume. A breakout above the local resistance level may pave the way for a rapid upward movement.
Trading settings:
Entry point: 0.4235
Stop loss: 0.4166
Take profit: 0.4357
Margin: 2-3% of the portfolio
Leverage: 10 times
Market outlook:
The price movement indicates accumulation after a short-term downward trend. Stability above 0.4218 will enhance bullish confidence. The market structure still favors a quick retest of the 0.4350+ area if support holds.$INIT