$INIT quick scalp bounce from support, looking for short momentum push.
Trading Plan Long $INIT (Scalp)
Entry: 0.1085 – 0.1120
SL: 0.1020
TP1: 0.1180 (close 40%)
TP2: 0.1240 (close 100%)
Support / Resistance:
Support: 0.1025 – 0.1040
Resistance: 0.1180
Major Resistance: 0.1240
Price has reacted from strong support and RSI divergence is present. If a 1H candle closes above 0.113, a fast move toward 0.118 is possible, and with strong momentum 0.124 can also be reached. After TP1, move SL to entry for a risk-free trade.
Trade$INIT
INITUSDT
Perp
0.09813
-4.62%