🚀 $INIT Long Setup Alert, Bull Analysis
$INIT /USDT shows an impulse spike into 0.1068 followed by a pullback and consolidation near 0.094–0.095. With price holding above the 0.0911 demand low, a recovery move toward the 0.099–0.103 area looks probable.
📊 Market Snapshot
Timeframe Analyzed: 1H
Current Price: 0.0943
24h High: 0.1068
24h Low: 0.0911
Volume: 67.96M INIT (6.66M USDT)
📌 Key Levels to Watch
Support: 0.0949, 0.0911, 0.0906, 0.0873
Resistance: 0.0992, 0.1035, 0.1068
🎯 Trade Setup
Entry Zone: 0.0930 to 0.0950
TP1: 0.0992
TP2: 0.1035
TP3: 0.1068
SL: 0.0904
⚠️ Invalidation
Setup invalid if INIT prints an hourly close below 0.0911 (breaks the demand low and invalidates the base).
✨ Summary
Pullback-long bias. As long as price stays above 0.0949–0.0911, the path toward 0.1035–0.1068 remains in play. Watch for a break & retest of 0.0992 with volume expansion.
