A missile formation has been detected for the stock ($INIT ): Can it reach $0.55?

The stock ($INIT ) has surpassed the key resistance level, rising by 34% to reach $0.4951 with strong momentum. Its breakout above $0.42 led to a sharp increase, supported by high trading volume and positive sentiment. If this rise continues, we may see further increases soon.

Long trading setups:

Buying range: $0.4800 - $0.4950

Target 1: $0.5290

Target 2: $0.5530

Stop loss: below $0.4560

The trend is strong. Trading volume is increasing. It is clear that the bulls are dominating the market. The stock may be on the verge of another rise - keep a close eye on the situation.$INIT