$INIT CONTINUES MASSIVE RALLY WITH OVER 35.6M VOL! PARABOLIC SAR FLIPS BULLISH WITH DOUBLE-BOTTOM SUPPORT AT $0.23129 — RSI AT 67.83 TARGETING A BREAKOUT PAST $0.30632 FOR $0.33193 PEAK HIGH RETEST?
Binance Layer 1 / Layer 2 top gainers are dominating the morning session once again! INIT (Initia) is maintaining extreme bullish momentum with a +68.21% daily surge, backed by a massive 35.67M USDT (138.50M $INIT ) in 24-hour trading volume!
After forming a solid double-bottom support base at 0.23129, price action launched a aggressive V-shape green recovery candle, pushing past initial resistance levels. $INIT is currently holding strong higher-low momentum near 0.29287 as buyers eye the next breakout leg.
Master Scalp Setup & Strategic Levels:
Trade Bias: Strong Bullish Continuation / Scalp Long
Accumulation Entry Zone: 0.28428 – 0.29287 (Local demand support consolidation base)
Key Targets: 0.30632 ➡️ 0.32210 ➡️ 0.33193 (24h Peak Retest)
Stop Loss: Below 0.26500
Why This Setup is Primed for Expansion:
Dynamic Parabolic SAR Support Flip: Parabolic SAR dots on the 15m chart have cleanly flipped directly beneath price candles around 0.23994, locking firm dynamic trailing support for the ongoing rally.
Healthy RSI Momentum Rebound: The 15m RSI (6) sits at a super strong 67.83, reflecting healthy buying pressure without overbought exhaustion. A clean 15m candle close above 0.30632 clears the pathway toward 0.32210 and a full retest of the 0.33193 24h peak high.
Are you taking a long scalp entry on INIT at this $0.28428 support base, or waiting for a breakout close above $0.30632? Share your strategy in the comments below!
Trade Now $INIT
#INIT #Layer1 #Layer2
Binance Layer 1 / Layer 2 top gainers are dominating the morning session once again! INIT (Initia) is maintaining extreme bullish momentum with a +68.21% daily surge, backed by a massive 35.67M USDT (138.50M $INIT ) in 24-hour trading volume!
After forming a solid double-bottom support base at 0.23129, price action launched a aggressive V-shape green recovery candle, pushing past initial resistance levels. $INIT is currently holding strong higher-low momentum near 0.29287 as buyers eye the next breakout leg.
Master Scalp Setup & Strategic Levels:
Trade Bias: Strong Bullish Continuation / Scalp Long
Accumulation Entry Zone: 0.28428 – 0.29287 (Local demand support consolidation base)
Key Targets: 0.30632 ➡️ 0.32210 ➡️ 0.33193 (24h Peak Retest)
Stop Loss: Below 0.26500
Why This Setup is Primed for Expansion:
Dynamic Parabolic SAR Support Flip: Parabolic SAR dots on the 15m chart have cleanly flipped directly beneath price candles around 0.23994, locking firm dynamic trailing support for the ongoing rally.
Healthy RSI Momentum Rebound: The 15m RSI (6) sits at a super strong 67.83, reflecting healthy buying pressure without overbought exhaustion. A clean 15m candle close above 0.30632 clears the pathway toward 0.32210 and a full retest of the 0.33193 24h peak high.
Are you taking a long scalp entry on INIT at this $0.28428 support base, or waiting for a breakout close above $0.30632? Share your strategy in the comments below!
Trade Now $INIT
#INIT #Layer1 #Layer2