$INIT /USDT is showing signs of a strong parabolic breakout, currently up 11.94% with $21.29M in volume, indicating rising FOMO and aggressive buyer interest.
The asset is breaking all-time highs with conviction, supported by a bullish 4H Cup & Handle pattern and an RSI of 68, suggesting there’s still room for further upside.
Aggressive entries are ideal in the $0.557 to $0.570 zone on a breakout retest, while more conservative traders may look for a dip buy between $0.530 and $0.550 near the EMA20.
Profit targets are set at $0.592 (24h high), $0.620 (liquidity zone), and $0.650 (parabolic extension), with a tight stop loss at $0.520 to protect capital.
Position sizing should remain small—1% max due to the asset's high volatility and low float.
A confirmed 1H close above $0.580 would signal strong continuation.
On-balance volume is rising, confirming legitimate accumulation.
As with any low-cap altcoin, limit orders are essential to avoid slippage, and risk should be managed carefully.
Trade here 👉🏻 $INIT