$INIT /USDT – BREAKOUT PLAY (High-Risk, High-Reward)
Current Price: $0.7967 (+298%)
24h Range: $0.2000 – $0.8099
Volume (INIT): 411M | USDT Vol: 275M
Trade Idea – Momentum Continuation
Entry Zone: $0.78–$0.80
Stop-Loss: $0.68 (just below structure)
Target Zones:
TP1: $0.88
TP2: $1.00
TP3: $1.18 (parabolic extension)
Technical Breakdown:
Bullish engulfing candles with consistent higher lows
Price consolidating near ATH of $0.8099 – breakout possible
MA(7) acting as dynamic support (0.7422)
Insane volume influx hints at strong whale participation
Caution:
Due to the +298% pump, retracement is possible. Consider trailing SL once above $0.88. Scalpers can reduce exposure at resistance levels.
