📈 $INIT

Potential Bullish Jump! 🚀🔥

The price of $INIT is experiencing strong momentum with an increase of +15.18%, currently trading at $0.5735. The bulls clearly dominate the market after surpassing the key moving averages, indicating the possibility of continued upward movement! 📊💹

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🔍 Key Technical Levels:

Current Price: $0.5735

Immediate Resistance: $0.5821 (Highest Price in 24 Hours)

Main Resistance: $0.5878 (Next Target)

Support Area 1: $0.5627 (Short-term Pullback Zone)

Support Area 2: $0.5377 (Strong Base - Swing Low)

📈 Moving Averages:

Moving Average (7): $0.5762 (Price Slightly Lower - Retest Possible)

Moving Average (25): $0.5560 (Momentum Confirmation)

Moving Average (99): $0.5054 (Long-term Support)

🟢 Trading Setup - Long-term Entry:

Entry Area: $0.5627–$0.5735 (Buy on Pullbacks or Break Above $0.5821)

Take Profit (TP):

🎯 TP1: $0.5878

🎯 TP2: $0.6150 (Psychological Level and Expected Extension)

Stop Loss (SL): ❌ $0.5370 (Below Strong Support Level and Invalidating Level)

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⚠️ Risk Management:

Use 2-3% of your capital on each trade. Always adhere to your stop loss level and avoid over-leveraging.