$INIT JUST BROKE OUT – SHORT-TERM UPSIDE IN PLAY!
$INIT/USDT is trading at $0.6151, after a powerful breakout from the $0.6000 range, backed by a strong surge in volume (844.5K). Bulls are stepping in, and price is holding well above the previous resistance zone.
Key Levels to Watch:
• Support Zone: $0.5950 – $0.6050
Holding above this base confirms strength and keeps the bullish structure intact.
• Immediate Resistance: $0.6219 (24h high)
A break above this level could open room for more upside.
Trade Setup – Bullish Momentum Confirmed
Entry Zone: $0.6100 – $0.6150 (on dips or continuation)
• TP1: $0.6300
• TP2: $0.6480
• TP3: $0.6720
Stop-Loss: Below $0.5950 to protect against false breakout
While sell-side still dominates the order book at 58.25%, the breakout structure suggests bulls are in control short-term—momentum traders should stay alert!