$INIT /USDT Surges Past $1 — Breakout or Blowoff?🤔🔐👇
Market Outlook 📊
$INIT has made a strong breakout above the psychological level of $1.00, currently trading near $1.14, showing impressive strength on both 1D and 1H timeframes. After a long accumulation and sideways movement, price finally confirmed a BOS (Break of Structure) on the hourly chart and followed with a strong impulse candle.
On the 1D chart, today’s bullish candle confirms reversal momentum, but we are entering a region with little price history — so expect volatility.
Formed Candle & Trend Signals:📊📉
1H Chart: Sharp breakout with a clean BOS, forming a potential flag or consolidation
1D Chart: Multiple green candles in a row, indicating continuation pressure
Stochastic RSI: Both timeframes show deep oversold levels (~2–7) — possible rebound or brief pullback zone
Trade Strategy (Buy Side Focus):💥
Entry 1: Retest zone near $1.03–$0.98 (safe entry)✅
Entry 2: Aggressive entry if breaks and closes above $1.15✅
Target 1: $1.38🎯
Target 2: $1.60🎯
Stop Loss: Below $0.96☣️
Risk-Reward Ratio: Potential 1:2 to 1:2.5 based on entry
Market Insight:🧑💻
$INIT is in price discovery mode with strong buyer demand. Wait for price to stabilize or retest previous resistance-turned-support. Avoid chasing impulsive moves — structure-based trading gives clarity.
Disclaimer:⚠️
This post is for educational purposes only. Cryptocurrency is highly volatile. Always manage risk and do your own research before trading.