$INIT Structure Update: Ideal Respect of Support?

INIT

0.0989

-3.51%

INIT/USDT is decelerating after increasing by a massive 75 percent. I prefer the reaction of the prices to Moving Averages in the 15 minutes chart.

The Setup:

The price dropped to 0.1220 0.1230 area and was consumed by suitors, thus shooting back to the upside. That indicates that the trend remains desirable.

Levels I’m Watching:

Bullish Case: In case the price remains above 0.1230 then the next target is easily another examination of highs 0.1400.

Placement: This idea would be invalidated by a below 0.1200 on a 15-minute candle.

Is it a wait before the next great action?