$INIT long — High-risk V-shaped recovery, targeting $0.160 🚀
INIT is showing a massive bounce (+38% today), recovering sharply from the $0.094 low and reclaiming all major moving averages. However, please note the recent security incident warning issued for this protocol. The price is currently consolidating near local highs. A clean 1H close above the $0.1420 resistance will confirm the continuation of this high-risk momentum.
Entry: 1H close above $0.1420
SL: Below $0.1200 (Under MA 99 support)
Target 1: $0.1477 (24h High)
Target 2: $0.1600
If $0.1200 breaks down, the setup is invalid — cut your losses.
$INIT
DYOR. NFA. High-risk token with a security warning, use strict risk management.
#INIT #Initia #TradeIdea #TradingPsychology
INIT is showing a massive bounce (+38% today), recovering sharply from the $0.094 low and reclaiming all major moving averages. However, please note the recent security incident warning issued for this protocol. The price is currently consolidating near local highs. A clean 1H close above the $0.1420 resistance will confirm the continuation of this high-risk momentum.
Entry: 1H close above $0.1420
SL: Below $0.1200 (Under MA 99 support)
Target 1: $0.1477 (24h High)
Target 2: $0.1600
If $0.1200 breaks down, the setup is invalid — cut your losses.
$INIT
DYOR. NFA. High-risk token with a security warning, use strict risk management.
#INIT #Initia #TradeIdea #TradingPsychology