🚨 $INIT /USDT – Oversold Reversal Loading? 🚨
📉 Price has dropped -10.86%, currently at $0.4135, testing strong support near $0.4080
📊 Short-Term Setup: • Entry Zone: $0.4100 – $0.4170
• TP1: $0.4350
• TP2: $0.4520
• TP3: $0.4680
• Stop Loss: Below $0.3990
📈 Technical Insight:
INIT is bouncing near key support and 4H oversold levels. EMA(7) nearing a crossover with EMA(25), suggesting a short-term rebound is possible if $0.4080 holds.
⚡️ Plan: Watch for a bullish candle above EMA(7) to confirm entry. Tight risk-to-reward on this reversal setup.