$INIT Wait for a confirmed daily candle close above $0.45 with strong volume for safer swing entries. Watch the 4H and 1D charts closely for momentum indicators like RSI, MACD, and OBV shifts.
Long (BUY) Setup
Entry Zone: $0.3950 – $0.4050
Stop-Loss: Below $0.3490
Targets:
TP1: $0.4500
TP2: $0.5200
TP3: $0.6000 (Only if bullish momentum continues with volume)
✅ Justification: Strong rebound from support + fresh daily green candle indicates high probability of short-term bullish continuation.
Short (SELL) Setup
Entry Zone: $0.4400 – $0.4600 (if price spikes without strength)
Stop-Loss: Above $0.4700
Targets:
TP1: $0.4000
TP2: $0.3500
TP3: $0.3000
⚠️ Justification: Price has failed to break key resistance twice. If momentum fades, smart money may reenter short.