$INIT Trade Setup
Current Price: 1.0942 (-3.42%)
$INIT is displaying strong breakout behavior with rising volume, pushing toward recent highs. After reclaiming the $1.20 level, it’s showing signs of bullish continuation.
Entry Zone: Optimal accumulation between $1.19 and $1.23
Target Levels:
Target 1: $1.32
Target 2: $1.42
Target 3: $1.55
Stop Loss: Place a tight stop at $1.12 to limit downside risk.
Key Technical Levels:
Support: $1.12, $1.02
Resistance: $1.25, $1.42
Pivot Zone: $1.20
Pro Tip: Watch volume closely. A strong move and consolidation above $1.25 could lead to a quick test of the $1.40+ area. Consider using a trailing stop after reaching Target 2 to maximize gains.
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