đ¨ $INIT /USDT â Oversold Reversal Loading? đ¨
đ Price has dropped -10.86%, currently at $0.4135, testing strong support near $0.4080
đ Short-Term Setup: ⢠Entry Zone: $0.4100 â $0.4170
⢠TP1: $0.4350
⢠TP2: $0.4520
⢠TP3: $0.4680
⢠Stop Loss: Below $0.3990
đ Technical Insight:
INIT is bouncing near key support and 4H oversold levels. EMA(7) nearing a crossover with EMA(25), suggesting a short-term rebound is possible if $0.4080 holds.
âĄď¸ Plan: Watch for a bullish candle above EMA(7) to confirm entry. Tight risk-to-reward on this reversal setup.