a short technical analysis and trade signal for $INIT 💯
/USDT:
📉 Technical Analysis (Short-Term)
Current Price: $0.7310
24h Range: Low $0.6806 → High $0.7471
24h Change: +7.00%
Volume: 16.15M #INIT / $11.54M USDT
Sector: Layer 1 Blockchain
📈 Trade Signal: LONG (Buy on Dip or Breakout)
Entry Zone:
Buy the Dip: $0.7100 – $0.7200
Breakout Buy: On strong candle above $0.7480
Stop-Loss: $0.6900 (below support zone)
🎯 Target Levels
Target 1: $0.7600
Target 2: $0.7850
Target 3: $0.8200
🔥 Trade Momentum: Strong Bullish
INIT is holding close to its 24h high with high USDT volume, suggesting large capital interest. The tight pullback indicates buyers are defending dips, a bullish sign.