$INIT Breaks Out Above $0.50 – Bullish Momentum Building
$INIT has broken above key resistance at $0.50 with strong bullish candles, currently trading around $0.5132 (+4.54%). This breakout signals growing buying pressure and could lead to a continued upward move if volume sustains. The recent consolidation above $0.51 shows strength and suggests the bulls are not done yet.
Trade Setup:
Entry: $0.5100 – $0.5140
Stop Loss: $0.4970
Target 1: $0.5300
Target 2: $0.5450
Target 3: $0.5600
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