🔴 $INIT

USDT – BULLISH MOMENTUM FACES KEY RESISTANCE ⚡

INIT has surged with strong bullish candles but is now testing a critical resistance zone. Price is currently at 0.4790, up 19.72% in the last 24 hours, showing clear buyer interest but signs of short-term rejection near highs.

🔑 Key Levels:

Support: 0.4600

Resistance: 0.4966 (24h high), next major resistance at 0.5000 psychological level

Current Price: 0.4790

🎯 Trade Setup (Long):

Entry Zone: 0.4700 – 0.4800 (if it holds above support with bullish confirmation)

Take Profits:

TP1: 0.4900

TP2: 0.5000

TP3: 0.5200

Stop Loss: 0.4590 (below key support zone)

📉 Trade Setup (Short – aggressive scalpers only):

Entry Zone: 0.4950 – 0.5000 (if price shows strong rejection candles)

Take Profits:

TP1: 0.4800

TP2: 0.4700

Stop Loss: 0.5050

📈 Market Outlook:

INIT is in a strong uptrend on the 1H timeframe, but the recent wick rejection indicates sellers defending the 0.5000 psychological barrier. If price reclaims and holds above 0.4800, bullish continuation is likely. Otherwise, a minor pullback to 0.4600 support is expected before the next leg up.

⚠️ Risk Management:

Always risk only 1-2% per trade with clearly defined SL. Wait for candle confirmations at key zones to avoid impulsive entries.

💬 What’s your view on INIT’s breakout potential this week? Drop a “🔥” if you’re watching this move!

#INIT #CryptoSignals #TechnicalAnalysis #ScalpTrade #Altcoins

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