$INIT – Bullish Setup
INIT is showing a potential bullish continuation after bouncing from the $0.1910 support area. The previous resistance trendline has been broken, and price is attempting to establish higher support.
Trade Setup
- Entry Zone: $0.2016 – $0.1911
- Stop Loss: $0.1800
- Take Profit 1: $0.2200
- Take Profit 2: $0.2332
- Potential Upside: ~22% from the lower entry.
What to Watch
The $0.1910 level is the key support to hold. A successful retest followed by bullish confirmation could open the way toward $0.2200 and eventually $0.2332.
A breakdown below $0.1800 would invalidate this setup.
I’d prefer waiting for a confirmed retest rather than chasing the current price
#AnthropicIPO
INIT is showing a potential bullish continuation after bouncing from the $0.1910 support area. The previous resistance trendline has been broken, and price is attempting to establish higher support.
Trade Setup
- Entry Zone: $0.2016 – $0.1911
- Stop Loss: $0.1800
- Take Profit 1: $0.2200
- Take Profit 2: $0.2332
- Potential Upside: ~22% from the lower entry.
What to Watch
The $0.1910 level is the key support to hold. A successful retest followed by bullish confirmation could open the way toward $0.2200 and eventually $0.2332.
A breakdown below $0.1800 would invalidate this setup.
I’d prefer waiting for a confirmed retest rather than chasing the current price
#AnthropicIPO
