$INIT /USDT – Long Trade Signal 🔥
Current Price: $0.4651
Timeframe: 1H
📊 Technical Overview
$INIT has shown strong upward momentum with a sharp breakout candle, indicating bullish interest. Price is holding above the $0.4600 zone. A sustained move above the $0.4755 resistance could open the path toward the $0.50 level.
📌 Trade Setup (Spot or Futures)
Entry Zone: $0.4600 – $0.4670
Support Level: $0.4480
Resistance Level: $0.4755
🎯 Targets:
• TP1: $0.4780
• TP2: $0.4850
• TP3: $0.5000 (Final Target)
🛡️ Stop Loss: Below $0.4470
📈 Strategy Insight:
Watch for increasing buying volume and strong candle closures above $0.4755 for confirmation. As long as the price holds above $0.4600, bulls remain in control.
