🚀 $INIT – Bulls Are Still Fighting! A Major Move Could Be Brewing!
I'm watching $INIT USDT closely because this chart has already delivered an explosive move, gaining over 52% in 24 hours. Now price is pulling back after reaching $0.2316, and the next reaction around support could reveal where the market wants to go next.
The bigger move is impressive, but I don't want to chase the pump. I'm watching for buyers to defend the current support zone and potentially push INIT toward another resistance test. 👀
📊 TRADE SETUP – LONG
🟢 Entry Level: $0.1920 – $0.1990
🎯 TP1: $0.2070
🎯 TP2: $0.2180
🎯 TP3: $0.2300
🔴 STOP LOSS: $0.1830
Market Levels to Watch:
- Support: $0.1869
- Resistance: $0.2122
- Major resistance: $0.2316
🔥 My Take: INIT is showing strong momentum, but after such a sharp rally, volatility can increase. A successful defense of support could create another opportunity for buyers. Watch the price action before entering.
⚠️ DISCLAIMER: This is a technical analysis idea, not financial advice. Cryptocurrency trading involves significant risk. Always manage your position size and do your own research.
I'm watching $INIT USDT closely because this chart has already delivered an explosive move, gaining over 52% in 24 hours. Now price is pulling back after reaching $0.2316, and the next reaction around support could reveal where the market wants to go next.
The bigger move is impressive, but I don't want to chase the pump. I'm watching for buyers to defend the current support zone and potentially push INIT toward another resistance test. 👀
📊 TRADE SETUP – LONG
🟢 Entry Level: $0.1920 – $0.1990
🎯 TP1: $0.2070
🎯 TP2: $0.2180
🎯 TP3: $0.2300
🔴 STOP LOSS: $0.1830
Market Levels to Watch:
- Support: $0.1869
- Resistance: $0.2122
- Major resistance: $0.2316
🔥 My Take: INIT is showing strong momentum, but after such a sharp rally, volatility can increase. A successful defense of support could create another opportunity for buyers. Watch the price action before entering.
⚠️ DISCLAIMER: This is a technical analysis idea, not financial advice. Cryptocurrency trading involves significant risk. Always manage your position size and do your own research.
