$INIT / USDT – Rebound in Progress or Bull Trap? 🧩📉

$INIT is showing volatility, currently at $0.7386 (+4.26%) after hitting a daily high of $0.7980. Despite today's green candle, rejection at resistance is clear.

📥 Entry Zone: $0.7350 – $0.7450

🎯 Target 1: $0.7700 ✅

🎯 Target 2: $0.7980

🛑 Stop Loss: $0.7120

Momentum is recovering slightly, but lower highs dominate the trend. Volume is significant at 46.95M INIT, suggesting strong trader interest — but direction is uncertain.

🔥 Pro Tip: Wait for a confirmed 4H close above $0.7500 to enter safely. This area has been a rejection point in recent candles.

{spot}(INITUSDT)

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