$INIT is screaming bullish on the daily chart—but don't get caught chasing the green.
$INIT is up an explosive +18.75%, currently trading at 0.10799 USDT. The 1D chart shows massive momentum, with price comfortably riding above all major moving averages.
We are fast approaching a critical test at the 0.11212 resistance level. Buying the top of a candle right into a structural wall is a classic trap.
The smart play here is patience. Look for a healthy pullback toward the 0.09577 support area (MA7) for a high-probability entry. Stay cautious, though—a clean daily close below 0.07840 (MA25) completely invalidates this bullish structure.
💬 Do you think INIT breaks 0.11212 on this attempt, or are we heading back to the MA7 first?
#INIT #BinanceSquare #crypto #SpotTrading #EarningsSeason
$INIT
$INIT is up an explosive +18.75%, currently trading at 0.10799 USDT. The 1D chart shows massive momentum, with price comfortably riding above all major moving averages.
We are fast approaching a critical test at the 0.11212 resistance level. Buying the top of a candle right into a structural wall is a classic trap.
The smart play here is patience. Look for a healthy pullback toward the 0.09577 support area (MA7) for a high-probability entry. Stay cautious, though—a clean daily close below 0.07840 (MA25) completely invalidates this bullish structure.
💬 Do you think INIT breaks 0.11212 on this attempt, or are we heading back to the MA7 first?
#INIT #BinanceSquare #crypto #SpotTrading #EarningsSeason
$INIT
