Based on the technical data you provided for $INIT /USDT, here's a short-term trading outlook and a potential trade suggestion:
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Technical Outlook:
Trend: Bullish (Price is above SAR and climbing)
Momentum: Strong (RSI = 68.19, close to overbought)
Volume: High buying pressure (79M $INIT / $54M USDT in 24h volume)
Key Resistance: $0.7880 → If broken, next resistance near $0.8110
Support Zone: $0.6895 → $0.6490 → Strong buy zone if price dips
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Trade Suggestion:
Scenario 1 – Breakout Trade:
Entry: If price breaks above $0.7880 with volume
Target: $0.81 – $0.83
Stop Loss: $0.74
Scenario 2 – Pullback Buy:
Entry: Near support around $0.6895 – $0.6490
Target: $0.7380 – $0.78
Stop Loss: Below $0.635
