š $INIT /USDT Attempts Recovery After Dip ā Key Levels in Sight
INIT dropped to $0.4045 after hitting a high of $0.4306, marking a -1.86% decline. However, it's now rebounding off short-term support, currently trading at $0.4110, with MA(7) crossing up and volume showing signs of return.
Trade Setup (LONG):
ā¢ Entry: $0.4110
ā¢ TP1: $0.4190
ā¢ TP2: $0.4260
ā¢ TP3: $0.4325
ā¢ Stop Loss: $0.4035
Momentum is rebuilding. A reclaim of the MA(99) zone at $0.4130 could confirm a bullish reversal.
Watch for a breakout push if the structure holds.