$INIT Testing Key Support – Bounce in Progress 🛡️
$INIT just revisited a strong demand zone near previous equal lows (EQL), while absorbing recent selling pressure. Price is holding the base with potential for a bullish shift.
📈 Long Trade Setup
• Entry Zone: 0.4000 – 0.4220
• Take Profit 1: 0.4550
• Take Profit 2: 0.4900
• Take Profit 3: 0.5250
• Stop Loss: Below 0.3900
Classic demand zone defense with upside potential. Eyes on reclaim of mid-range structure for confirmation.
