$INIT /USDT

🟩 INIT / USDT – Intraday Snapshot

📌 Market Overview

Current Price: $0.7204 (+7.75%)

24h High / Low: $0.7404 / $0.6645

Volume (INIT): 15.03M

Volume (USDT): $10.55M

Current Vol (15m): 52.9K

MA(5) Vol: 221.9K

MA(10) Vol: 234.3K

🔻 Volume falling, caution on chasing.

📊 Bollinger Bands (20, 2)

BandPriceCommentUpper0.7360Immediate resistanceMiddle0.7188Currently near this mean bandLower0.7016Short-term pullback support

INIT is hovering around mid-band, suggesting pause or consolidation before next leg.

✅ Setup #1: Mid-Band Bounce Play

Entry: $0.715–$0.720

Stop Loss: $0.703

Target 1: $0.736 (upper BB)

Target 2: $0.740–$0.745 (24h high retest)

Look for a 15m bullish engulfing or strong green close for entry confirmation.

✅ Setup #2: Breakout Continuation

Entry Trigger: Break above $0.7410 with >100K 15m volume

Stop Loss: $0.720

Target 1: $0.760

Target 2: $0.780

Must be accompanied by strong RSI and trend breakout (check 1h chart).

⚠️ Risk Flags

Volatility is dropping, and volume trend is cooling.

Price already up ~8%, so buying near top of short-term range = risk of reversal.

If $0.701 breaks, expect test of $0.690–0.677 zone.

📌 Key Intraday Levels

TypePriceSupport$0.703 / $0.690 / $0.677Resistance$0.736 / $0.740 / $0.760Breakout Trigger$0.741+ on volume surgeBiasNeutral to Bullish (but slowing)

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