$INIT - 💡Professional Tip: Ideal Setup for Momentum Traders - But Wait for a Retest of the Breakout Area Before Entering!
Massive Breakout!
The price of $INIT just surged from the 0.3700 area, forming a huge green candle, recording a new daily high at 0.4027. Trading volume is sharply increasing, and it seems the bulls are in control of the market. If the momentum continues, further short-term gains are likely.
Support and Resistance
• Resistance: 0.4050
• Support: 0.3780
🔸Trading Settings
• Entry Area: 0.3900 - 0.3980
• Stop Loss: 0.3740
Take Profit Point 1: 0.4050
Take Profit Point 2: 0.4180
Take Profit Point 3: 0.4330
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