I'm leaning LONG on $INIT here — the bounce off the lows is holding up so far.
TP: $0.1820
SL: $0.1680 👇🏻
Price is sitting just under its all-time high zone, so overhead profit-taking is the real risk here — targets stay conservative below the spike top.
Buyers defended the dip and price is holding above recent support, with momentum rebuilding rather than fading.
If that support holds, the move back toward the recent highs stays on the table; a break back below it kills the setup.
Bounce continuation or bull trap — which side are you on? 👇
#INIT
TP: $0.1820
SL: $0.1680 👇🏻
Price is sitting just under its all-time high zone, so overhead profit-taking is the real risk here — targets stay conservative below the spike top.
Buyers defended the dip and price is holding above recent support, with momentum rebuilding rather than fading.
If that support holds, the move back toward the recent highs stays on the table; a break back below it kills the setup.
Bounce continuation or bull trap — which side are you on? 👇
#INIT