$INIT Back in Action – Bullish Momentum Reloaded!
$INIT is showing serious strength with a sharp rebound and a +28.50% surge off key support. This setup has strong upside potential if resistance breaks cleanly.
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MARKET SNAPSHOT
Support Bounce: $0.6793
Current Price: $0.8075
Daily Gain: +28.50%
RSI: 76.13 (Approaching Overbought – Strong momentum)
Volume: Stable – confirms conviction behind the move
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TRADE SETUP – Watching Breakout Above $0.8300
Entry Zone: $0.7900 – $0.8150
Target 1 (TP1): $0.8600
Target 2 (TP2): $0.9100
Stop-Loss: < $0.7650
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Strategy Notes
If $0.8300 flips to support, bulls may drive toward $0.90+ quickly.
Volatility expected near breakout – manage risk closely.
Ideal for breakout or pullback traders, depending on confirmation strength.
