🔥 $INIT / USDT Bounce Confirmed, Uptrend Gaining Momentum!
$INIT rebounded hard from $0.4591 and is now trading at $0.5190. After tagging $0.5107, bulls are showing strong control with rising volume and sharp candles. Momentum favors a breakout continuation.
📍 Trade Setup – Simple Long Play
• Entry Zone: $0.5000 – $0.5070
• TP1: $0.5250
• TP2: $0.5480
• TP3: $0.5700
• SL: Below $0.4750
📊 Key Zones
• Support: $0.4900 / $0.4750
• Resistance: $0.5107 / $0.5250 / $0.5480
🧠 Chart Insight:
As long as $0.5010 holds, the structure remains bullish. Watch for breakout volume above $0.5107 to confirm the next leg up. Smart setup for both short-term spot and futures plays.