$INIT USDT BULLISH BREAKOUT SETUP – TIME TO CATCH THE WAVE 🌊
Price is consolidating after a strong impulsive move and forming a bullish flag pattern, suggesting potential continuation to the upside.
🔑 Key Levels:
Support: $0.4355 – $0.4357 (strong demand zone)
Resistance: $0.4591 and $0.4722 (target levels)
Current Price: $0.4430
📈 Trade Setup (Long):
Entry: $0.4420 – $0.4435
Take Profit 1 (TP1): $0.4591
Take Profit 2 (TP2): $0.4722
Stop Loss (SL): $0.4355
💡 Short Market Outlook: INIT is currently holding above its minor demand zone after flag consolidation. Breakout above $0.4450 will confirm bullish momentum continuation towards $0.4591 and $0.4722 levels.
⚠️ Risk Management: Use proper position sizing, risking only 1-2% of your capital per trade, and do not chase entries after breakout candles.
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