🔥 $INIT – Bulls Are Pushing Hard! Is Another Leg Up Coming? 🚀
I'm watching $INIT USDT closely because this chart is showing some serious bullish momentum. INIT has already climbed nearly 73% in 24 hours, moving from the $0.1199 low toward the $0.2234 resistance area.
What catches my attention is the strong recovery after the sharp pullback. Buyers stepped back in aggressively, pushing the price toward its recent high. However, after such a powerful rally, I don't want to chase the candle blindly. A healthy retest could offer a much better opportunity.
Entry Level: $0.2070 – $0.2130
🎯 TP1: $0.2230
🎯 TP2: $0.2350
🎯 TP3: $0.2480
🛑 STOP LOSS: $0.1990
What I'm Watching:
The $0.2234 level is the immediate resistance to watch. A convincing breakout above this area, followed by a successful retest, could open the door toward higher targets.
On the downside, $0.2058 is an important short-term support area. If buyers defend this zone, bullish momentum may continue. But losing support could trigger a deeper correction, especially after such a rapid move.
My approach is simple: let the market confirm its next direction instead of chasing excitement.
DISCLAIMER: This is a personal technical market observation, not financial advice. Cryptocurrency trading involves significant risk. Always manage your position size and use proper risk management. Never trade with money you cannot afford to lose.
I'm watching $INIT USDT closely because this chart is showing some serious bullish momentum. INIT has already climbed nearly 73% in 24 hours, moving from the $0.1199 low toward the $0.2234 resistance area.
What catches my attention is the strong recovery after the sharp pullback. Buyers stepped back in aggressively, pushing the price toward its recent high. However, after such a powerful rally, I don't want to chase the candle blindly. A healthy retest could offer a much better opportunity.
Entry Level: $0.2070 – $0.2130
🎯 TP1: $0.2230
🎯 TP2: $0.2350
🎯 TP3: $0.2480
🛑 STOP LOSS: $0.1990
What I'm Watching:
The $0.2234 level is the immediate resistance to watch. A convincing breakout above this area, followed by a successful retest, could open the door toward higher targets.
On the downside, $0.2058 is an important short-term support area. If buyers defend this zone, bullish momentum may continue. But losing support could trigger a deeper correction, especially after such a rapid move.
My approach is simple: let the market confirm its next direction instead of chasing excitement.
DISCLAIMER: This is a personal technical market observation, not financial advice. Cryptocurrency trading involves significant risk. Always manage your position size and use proper risk management. Never trade with money you cannot afford to lose.
