$INIT /USDT.

INIT/USDT Trade Setup

Current Price: ~1.22 USDT

24h Range: Low 1.0177 / High 1.2277

Volume: 42.88M INIT (~48.37M USDT) — good liquidity

MA60 (1h): ~1.2067

Recent candles show: Price above MA60, momentum strong (+15.23% in 24h)

Setup

Trend:

Price above MA60 — bullish bias on 1h chart.

Entry:

Look for a pullback near 1.20–1.21 area (close to MA60 support).

Confirmation via bullish candle or volume spike.

Alternatively, breakout entry above recent high at 1.2277 with volume surge.

Stop Loss:

Just below recent swing low or MA60, around 1.19–1.20 zone.

Targets:

Short term: 1.27–1.30 (psychological/resistance zone).

If momentum sustains, trail stops to lock profits.

Notes:

Volume is decent, supporting current momentum.

Watch for any sharp retracements or volume drying up for early exit.

Want me to help build a detailed entry/exit plan with chart points and risk management?

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