🚀 $INIT Long Setup Alert, Bull Analysis
$INIT /USDT shows a sharp spike into 0.1068, a fast pullback, and now a steady recovery with higher lows. With price holding above the 0.0960–0.0950 base, a move toward the 0.1038–0.1068 resistance zone looks probable.
📊 Market Snapshot
Timeframe Analyzed: 1H
Current Price: 0.0975
24h High: 0.1068
24h Low: 0.0908
Volume: 55.80M INIT (5.49M USDT)
📌 Key Levels to Watch
Support: 0.0975, 0.0961, 0.0923, 0.0908
Resistance: 0.1000, 0.1038, 0.1068
🎯 Trade Setup
Entry Zone: 0.0960 to 0.0982
TP1: 0.1000
TP2: 0.1038
TP3: 0.1068
SL: 0.0905
⚠️ Invalidation
Setup invalid if INIT prints an hourly close below 0.0908 (breaks the key demand and range low).
✨ Summary
Bullish recovery setup. As long as price stays above 0.0961–0.0908, the path toward 0.1038–0.1068 remains in play. Watch for a clean break and retest of 0.1000 with volume expansion.
