$INIT Bounce From the Abyss: A Bullish Reversal in Play.....
$INIT is showing a strong V-shaped recovery on the 4H chart, climbing back to $0.3975 after hitting a low of $0.3487. Volume is solid, and the momentum suggests bulls are reclaiming control.
Trade Setup
Entry Zone: $0.3870 – $0.3975
Target 1: $0.4150
Target 2: $0.4320
Stop Loss: Below $0.3750
Market Insight:
After a steep drop, this reversal is gaining strength with multiple green candles forming back-to-back. If the price closes above $0.4050, it could mark a confirmed trend shift. Keep watch — INIT may just be getting started.