🚨 $INIT Shows Signs of a Bounce After Brutal Drop — Will Bulls Step In Now? 🧐

💸 Live Price (Binance): $0.6798

📉 24h Drop: Approx -7%

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📊 Technical Analysis (15m Chart)

📍 $INIT dropped sharply from around $0.7081 to a low of $0.6750, now consolidating 👀

🟢 A "B" (Buy) signal triggered near bottom, with price stabilizing just above the 7 EMA ($0.6797)

⚠️ MA(25) ($0.6969) is acting as current resistance; INIT must reclaim this for any short-term reversal confirmation

📈 MA(99) is higher at $0.7452, which could act as a major ceiling if bulls gain strength

🔍 Volume remains low — bulls need a strong push for continuation

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📌 Trade Signal

🔸 Long Entry: Above $0.6969 with confirmation

🔸 Short Entry: Below $0.6750 if rejection continues

🛡️ Stop-Loss: $0.6650 (long) / $0.7081 (short)

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🎯 Target Zones

Upside: $0.6969 → $0.7081 → $0.7452

Downside: $0.6750 → $0.6650 → $0.6500

📈 $INIT is holding a potential base — a breakout over the pink MA could kick off a bullish move. Watch this zone closely! 👀

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