$INIT USDT BULLISH BREAKOUT CONTINUATION
$INIT/USDT has delivered a massive bullish breakout on the daily timeframe, printing a strong impulsive candle with high volume expansion. The structure shows a clear reversal from the 0.0566 bottom, followed by a vertical breakout toward 0.1381 resistance. Momentum is strong, but RSI is overheated, suggesting possible minor pullbacks before continuation.
📍 Current Price: 0.1136
🔑 Key Levels:
• Support 1: 0.1060 (recent breakout zone)
• Support 2: 0.0880 (previous resistance turned support)
• Major Support: 0.0705
• Resistance 1: 0.1240
• Major Resistance: 0.1381
📈 Trade Setup – Long Position
• Entry Zone: 0.1060 – 0.1100 (buy on dip)
• TP1: 0.1240
• TP2: 0.1380
• TP3: 0.1550 (extension target)
• Stop Loss: 0.0880
💰 Risk Management:
Risk only 1–2% of capital per trade. Avoid chasing green candles; wait for healthy pullbacks. Trail stop loss once TP1 is hit to secure profits and protect gains.
🔥 Momentum favors bulls as long as price holds above 0.1060 support.#PEPEBrokeThroughDowntrendLine #CPIWatch #TradeCryptosOnX #BTC100kNext?
