$INIT /USDT – MAJOR BREAKOUT CONFIRMED, EYES ON NEW HIGHS 💯 Take Entry Guys
$INIT has just printed a massive breakout candle on the 30-minute chart, pushing past key resistance around 0.3900 and briefly tapping a high of 0.4027. This surge is backed by strong volume, showing clear buyer dominance and market momentum.
After consolidating in the 0.3600 – 0.3800 range, INIT built a solid base of higher lows. The sudden breakout above this zone signals a shift in market structure and opens the door for a continuation toward higher resistance levels.
📊Technical Overview: • Current Price: 0.3973
• Structure: Bullish continuation pattern after breakout
• Momentum: Strong green candle with wick rejection at 0.4027
• Volume Spike: Confirms buyer strength
Long Trade Setup: • Entry Zone: 0.3940 – 0.3975
• Stop Loss (SL): 0.3870 (below breakout structure)
• Target 1 (TP1): 0.4100
• Target 2 (TP2): 0.4220
• Target 3 (TP3): 0.4350
Risk Management Tips: • Keep SL tight below support to limit downside
• Only enter on retest or confirmation candle above 0.3980
• Use 1–2% of total capital per trade for better capital preservation
• Watch for rejection near 0.4100 – may act as short-term resistance
This setup is ideal for breakout traders looking for short-term momentum gains. Monitor closely — INIT could be entering a new price discovery phase.