$INIT 🚹 INITUSDT: BOUNCE PLAY OR TRAP? SMART MONEY WATCH 🚹

*(Not financial advice. Trade responsibly.)*

Price dumped -6.75% to 0.10255, now bouncing off support → RSI(6) at 59.6, StochRSI overbought (94.3), MACD flipping positive. But trend is still bearish — price below all key MAs & Bollinger Midline (0.10673). This looks like a dead cat bounce unless we break structure.

✅ TRADE PLAN (Conservative Long Only on Confirmation):

ENTRY: 0.1070–0.1075 (only if 15m closes ABOVE 0.10830)

STOP LOSS: 0.10200 (below swing low)

TP1: 0.11080 (Upper Bollinger)

TP2: 0.11450 (Previous Resistance)

TP3: 0.11780 (High of Range)

RR: 1:2.5+ on TP2 — scale out 50% at TP1.

đŸ›Ąïž RISK: Max 1% per trade. Use 5x leverage max. Example ($1k account): ~$300 position → risk $10.

⚠ CONFIRMATION NEEDED:

→ 15m candle CLOSE above 0.10830 + volume surge.

→ OR bullish engulfing with RSI > 60 confirmation.

Don’t FOMO the bounce — wait for structural break. Bears still in control until proven otherwise.

🔁 Share if you’re waiting for the breakout!

👇 Comment “LONG READY” when you see the close above 0.10830.

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*Follow for daily SMC breakdowns & institutional-grade setups. Not financial advice.*