$INIT is showing a strong bullish breakout after a clean consolidation phase, with an impulsive candle reclaiming key resistance and pushing price into a higher range. The structure has flipped clearly bullish, and buyers are in full control after absorbing supply at the base. As long as price holds above the breakout zone, continuation remains the higher-probability move.
Trade Setup (Long):
Entry Zone: 0.0715 – 0.0735
Stop Loss: 0.0675
Targets:
TP1: 0.0800
TP2: 0.0900
INIT
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