$INIT is pushing back toward the 0.10190 RESISTANCE after a strong bounce from the rising SUPPORT... đ
Look at this reaction around the trendline... buyers stepped in strongly and price reclaimed the 0.099 level.
Now the interesting part... price is sitting just below 0.10190. A clean BREAKOUT could open the way for further upside, while rejection could send price back toward the rising support. đđ
RSI is around 71.5, so momentum is strong but already elevated. Keep an eye on how price reacts at RESISTANCE rather than assuming the breakout.
THIS LEVEL MATTERS... a rejection from 0.10190 keeps the range intact, while a clear break above it changes the short-term structure. A breakdown below the rising SUPPORT would invalidate the current bullish structure. đŻ
Guys follow for more chart analysis đ Iâll keep showing you exactly what the chart is telling us. đđ„
Look at this reaction around the trendline... buyers stepped in strongly and price reclaimed the 0.099 level.
Now the interesting part... price is sitting just below 0.10190. A clean BREAKOUT could open the way for further upside, while rejection could send price back toward the rising support. đđ
RSI is around 71.5, so momentum is strong but already elevated. Keep an eye on how price reacts at RESISTANCE rather than assuming the breakout.
THIS LEVEL MATTERS... a rejection from 0.10190 keeps the range intact, while a clear break above it changes the short-term structure. A breakdown below the rising SUPPORT would invalidate the current bullish structure. đŻ
Guys follow for more chart analysis đ Iâll keep showing you exactly what the chart is telling us. đđ„
