$INIT /USDT BULLISH REVERSAL SETUP — STRONG BOUNCE FROM LOCAL SUPPORT
INIT is showing early signs of a bullish reversal after stabilizing around the $0.68 zone. With strong wick rejections below and a bounce forming above key support, the market is preparing for a potential move toward higher levels.
TRADE SETUP
• Entry Zone: $0.6800 – $0.7000
• Targets:
‣ TP1: $0.7520
‣ TP2: $0.8000
‣ TP3: $0.8500
• Stop Loss: $0.6350
WHY LONG?
INIT is currently holding the $0.68–$0.69 support after a consistent downtrend. The rejection from the $0.65 low and higher candle close signals renewed buying interest. If volume increases above $0.70, this could trigger a clean upward continuation toward previous resistance zones near $0.80 and beyond.
RISK MANAGEMENT TIP:
Always size your position properly. Even strong bounces can fake out — protect your capital with a well-placed stop loss and scale out profits at each target.
Sell and Trade here on $INIT /USDT
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
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