$INIT is trading near 0.1260 after a massive impulsive pump toward 0.1413.
The chart shows a vertical breakout + FOMO buying, meaning price is currently in an overheated phase and likely entering consolidation before the next move.
🔍 Indicators
• RSI ~ 80–86 → Extremely overbought
• MACD bullish but extended
• Volume spike → breakout confirmation but also profit-taking risk
👉 Strong trend, but dangerous entry area.
📌 Key Levels
Support
• 0.118
• 0.105
• 0.094 (major demand)
Resistance
• 0.141
• 0.155 (if breakout continues)
🎯 Trade Plan
Safer Entry (Pullback)
• Buy zone: 0.110 – 0.118
• Targets: 0.141 → 0.155
• Stop: below 0.104
Risky Momentum Entry
• Only after breakout & retest above 0.141
🧠 Fundamental View
INIT currently moving due to:
• New listing hype
• Liquidity injection
• Momentum traders activity
Short term driven by speculation → volatility expected.
📈 Bias
Bullish but overheated → pullback likely before continuation.
⚠️ Avoid chasing green candles.
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