Trade Signal $INIT /USDT Bullish Continuation Setup This Trade Profitable

Status Strong Uptrend with Breakout Attempt

Current Price: $0.4183

24H Change: +18.47%

Volume: 46.62M INIT

Trade Setup (LONG)

Entry Zone: $0.4170 – $0.4195 (enter on breakout confirmation above $0.4195 or on slight retest)

Stop Loss: $0.4030 (below last breakout candle and support zone)

Target Points:

TP1: $0.4280

TP2: $0.4390

TP3: $0.4550 Fibonacci level)

Technical Analysis

Structure: INIT just bounced off minor support at $0.4030 and printed a strong green candle, breaking above previous highs.

Trend: Higher highs and higher lows clearly visible – bullish momentum intact.

Volume Spike: Significant volume confirms real buyer strength behind the move.

Confirmation Needed: A 15m candle close above $0.4195 will signal bullish continuation.

Risk Management Tips

Risk per trade: 1–2% of portfolio.

Position sizing: Based on SL range of ~$0.015, adjust quantity accordingly.

Invalidation: If price closes below $0.4030 with volume, exit trade.

Conclusion: INIT is showing strong bullish momentum with volume confirmation. If it closes above the key resistance at $0.4195, a sharp move to higher targets is likely. Watch closely for a clean breakout or retest entry.

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Buy and Trade here on $INIT