$INIT personally, take a look. The setup I see here is the following: we have a strong volume entry, an increase in open interest, and a break of structure on the 4h. My bias at the moment is bullish, but I prefer to trade a pullback between 0.1760 and 0.1820, waiting for confirmation on the 15m. Entry in this zone, stop at 0.1570, and targets at 0.2047, 0.2228, and 0.2400. An important detail: the protocol suffered a security incident involving an exploit of approximately US$2.7 million. Despite operations resuming, this still represents a fundamental risk for the asset. So, I see a buying opportunity, but with controlled exposure and without jumping the gun on an entry. Let’s wait for the price to confirm