$INIT /USDT – BULLISH CONSOLIDATION BEFORE NEXT LEG UP
INIT/USDT is currently trading at $0.4971 (+36.04%), showing strong upside movement after bouncing from the low of $0.3652. With price stabilizing just below resistance and holding key support, the setup looks primed for a bullish breakout continuation.
KEY LEVELS TO WATCH:
Resistance Levels:
$0.5194 – Intraday resistance (24h high)
$0.5600 – Major breakout target
$0.6000 – Extended bullish zone
Support Levels:
$0.4800 – Immediate support
$0.4400 – Key base of last push
$0.3900 – Strong demand level
TRADE SETUP – LONG ENTRY
Entry: $0.5020 (on breakout and close above $0.5194)
TP1: $0.5600
TP2: $0.6000
SL: $0.4800 (below short-term support)
> Wait for a 4H confirmation candle with solid volume above $0.5194 to trigger the trade.
RISK MANAGEMENT
Use only 1-2% of your portfolio per trade. Always respect your stop-loss and scale out profits as targets are hit. Avoid emotional entries – follow your setup with precision.
Momentum favors the bulls – don’t miss the breakout ride! #BTCBreaksATH #ShariaEarn #TrendTradingStrategy #SECETFApproval #Write2Earn $INIT