$INIT /USDT – BULLISH CONSOLIDATION AT SUPPORT
ACCUMULATION PHASE UNDERWAY
VOLUME DECLINE FOLLOWED BY GREEN CANDLES
BREAKOUT LIKELY ON UPTICK IN DEMAND
$INIT has been consolidating above the $0.403 zone after a sharp correction from the $0.4805 peak. Despite the drop, price action shows signs of stability and higher lows forming on the 4H chart.
🟢 LONG TRADE SETUP
Entry: $0.416 – $0.420
Take Profit: $0.437
Stop Loss: $0.404
Market Outlook:
Low volatility and reduced selling pressure indicate a potential reversal. A move above $0.4237 could trigger bullish momentum.
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