$INIT /USDT – Breakout Strategy (High-Risk, High-Reward)

Current Price: $0.7967 (+298%)

24h Range: $0.2000 – $0.8099

Volume: 411M INIT | 275M USDT

Trade Setup – Momentum Continuation Play

Entry Zone: $0.78–$0.80

Stop-Loss: $0.68 (just below key support level)

Target Levels:

TP1: $0.88

TP2: $1.00

TP3: $1.18 (parabolic move potential)

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Technical Insights:

Strong bullish engulfing candles with consistent higher lows

Price consolidating near all-time high ($0.8099), signaling potential breakout

7-day moving average (MA 7) at $0.7422 acting as dynamic support

Massive surge in volume indicates possible whale activity

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Risk Note:

Following a sharp +298% rally, a pullback is possible. To protect profits, consider using a trailing stop-loss once the price crosses $0.88.

Scalpers may choose to reduce position size near resistance zones. #Initia #MarketRebound #Write2Earn #INIT #aridrop $INIT