$INIT is at an interesting point right now.
After rallying from $0.117 to $0.303 price has entered a sharp correction and is currently trading around $0.181.
The next move could be important. 👀
Key levels I'm watching on the 1H chart:
Support: $0.174–$0.180
Resistance: $0.189–$0.190
Target 1: $0.210
Target 2: $0.230
Major Resistance: $0.270
A strong bounce from support could change the short-term momentum.
My trading approach
I'm watching for buyers to defend the $0.174–$0.180 zone.
A solid 1H close above $0.190 with increasing volume could open the way toward $0.210 and $0.230.
But if $0.174 breaks further downside remains possible.
No need to chase.
Wait for confirmation manage risk and let the chart speak.
After rallying from $0.117 to $0.303 price has entered a sharp correction and is currently trading around $0.181.
The next move could be important. 👀
Key levels I'm watching on the 1H chart:
Support: $0.174–$0.180
Resistance: $0.189–$0.190
Target 1: $0.210
Target 2: $0.230
Major Resistance: $0.270
A strong bounce from support could change the short-term momentum.
My trading approach
I'm watching for buyers to defend the $0.174–$0.180 zone.
A solid 1H close above $0.190 with increasing volume could open the way toward $0.210 and $0.230.
But if $0.174 breaks further downside remains possible.
No need to chase.
Wait for confirmation manage risk and let the chart speak.
