Breakout is strong, but chasing the move needs caution.
On this daily chart, $INIT has cleared the $0.155 resistance and trades near $0.226 after testing $0.258.
I’m cautiously bullish while $0.20 holds. A daily close above $0.258 would strengthen the continuation case. Losing $0.20 could bring the $0.155 breakout zone back into focus.
The marked 65.58% move has already been tested, so it isn’t a fresh upside target.
#INIT #crypto #Binance
On this daily chart, $INIT has cleared the $0.155 resistance and trades near $0.226 after testing $0.258.
I’m cautiously bullish while $0.20 holds. A daily close above $0.258 would strengthen the continuation case. Losing $0.20 could bring the $0.155 breakout zone back into focus.
The marked 65.58% move has already been tested, so it isn’t a fresh upside target.
#INIT #crypto #Binance
