$INIT /USDT – DOUBLE BOUNCE OR DEAD CAT? DECISION TIME AHEAD ⚠️

$INIT has staged a modest rebound after bottoming at $0.4682, now trading at $0.5318 (+5.24%). While the short-term momentum is slightly bullish, it’s still trading below all major resistance levels — with MA-7 and MA-25 converging tightly.

📊 Market Snapshot:

🔼 24H High: $0.5821

🔽 24H Low: $0.5046

💰 Strong volume: 41.22M INIT traded

⚠️ Bearish structure still intact until MA-25 ($0.6005) flips

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📉 Short-Term Trade Plan (Scalp):

Entry: $0.5280 – $0.5350

TP1: $0.5600

TP2: $0.5820

SL: $0.5040

📈 Long-Term Trade Plan (Swing):

Entry: $0.5280 – $0.5400 (on pullback)

TP1: $0.6000

TP2: $0.6750

SL: $0.4850

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🟡 Watch closely: A candle close above $0.6005 (MA-25) may trigger a larger reversal move, but rejection there could signal another leg down.

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