$INIT STUCK IN A RANGE: BREAKOUT OR FURTHER DROP?
$INIT/USDT is currently trading at $0.7047 after a failed push toward the $0.7300 zone. Price is now consolidating below minor resistance with slight selling pressure building (51.01% vs 48.99% in the order book). With volume fading and candles narrowing, the next move could break the deadlock.
Key Price Levels to Watch:

• Immediate Resistance: $0.7090 – $0.7120
A breakout above this zone may push price back toward $0.7250 and possibly $0.7350.

• Support Zone: $0.7000 – $0.6930
Losing this support could trigger another leg down toward the $0.6780 low.
Trade Setup – Watch for Breakout Confirmation:
Bullish Setup:
• Entry: Break above $0.7120 with volume confirmation
• TP1: $0.7250
• TP2: $0.7350
• Stop-Loss: Below $0.6990
Bearish Setup:
• Entry: Break below $0.7000
• TP1: $0.6900
• TP2: $0.6780
• Stop-Loss: Above $0.7100
A breakout from this zone could bring strong momentum in either direction—stay sharp and manage risk accordingly.
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