$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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