$INIT USDT – BREAKOUT ABOVE $0.50 – BULLISH MOMENTUM BUILDING 🚀
$INIT has broken above the key $0.50 resistance, now trading around $0.5132 (+4.54%), with strong bullish candles confirming buying strength. The recent consolidation above $0.51 suggests bulls are holding the line, and momentum may be building for the next leg up.
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📈 TRADE SETUP (LONG):
• Entry Zone: $0.5100 – $0.5140
• Stop Loss: $0.4970
• Targets:
• TP1: $0.5300
• TP2: $0.5450
• TP3: $0.5600
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🔍 OUTLOOK:
• Clean breakout above psychological resistance
• Sustained price action above $0.51 = strong bullish confirmation
• Watch for volume to continue rising to validate extension toward higher targets
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Strategy: Trail stops after TP1, scale out profits on strength.
This could be the start of a bigger breakout if momentum holds.