$INIT From Collapse to Comeback A Sharp Reversal in Play

$INIT has made a powerful V-shaped recovery, bouncing from a low of $0.3570 to $0.4656 a nearly 30% surge in a single day. This sharp rebound signals strong buyer interest and a potential trend shift from bearish to bullish.

Trade Setup:

Entry Zone: $0.4550 – $0.4650

Target 1: $0.4790

Target 2: $0.4950

Stop Loss: Below $0.4350

With momentum on its side and green candles dominating the 4H chart, INIT may be preparing for another leg up. Watch closely for consolidation above $0.4600 to confirm continuation.