🚀 **INIT/USDT 15M Setup: Symmetrical Triangle Breakout Incoming!** 📈
After a sharp drop, the INIT token has shown a strong recovery from $0.11046 and is now consolidating in a tight **Symmetrical Triangle** pattern on the 15-minute timeframe.
Here’s my current trading setup:
* **Current Price:** ~$0.13189
* **Pattern:** Bullish Pennant / Triangle Consolidation
* **Stop Loss (SL):** ~$0.1245 (Below the recent lower trendline)
* **Take Profit 1 (TP1):** $0.1400 - $0.1450
* **Take Profit 2 (TP2):** $0.1519 (Previous High)
An explosive move could follow once a breakout above the upper trendline is confirmed by expanding volume. Wait for resistance to break!
What’s your view on INIT? Are you going long or staying out? Let me know in the comments! 👇
#INIT #BinanceSquare #CryptoTrading #Altcoins #TradingSignals `$INIT `
$INIT
After a sharp drop, the INIT token has shown a strong recovery from $0.11046 and is now consolidating in a tight **Symmetrical Triangle** pattern on the 15-minute timeframe.
Here’s my current trading setup:
* **Current Price:** ~$0.13189
* **Pattern:** Bullish Pennant / Triangle Consolidation
* **Stop Loss (SL):** ~$0.1245 (Below the recent lower trendline)
* **Take Profit 1 (TP1):** $0.1400 - $0.1450
* **Take Profit 2 (TP2):** $0.1519 (Previous High)
An explosive move could follow once a breakout above the upper trendline is confirmed by expanding volume. Wait for resistance to break!
What’s your view on INIT? Are you going long or staying out? Let me know in the comments! 👇
#INIT #BinanceSquare #CryptoTrading #Altcoins #TradingSignals `$INIT `
$INIT
