$INIT Showing signs of a strong recovery after retesting the important support zone around $0.100. This is the area where buying pressure continuously appears, helping the price bounce back and form a higher bottom structure — a positive signal for the short-term trend.


Currently, the upward momentum is gradually being reinforced as buying interest returns. Maintaining the price above the $0.100 zone indicates that market confidence still remains, and the bulls are in control. If the price continues to hold this structure and breaks through the nearest high, the potential for further upside is entirely possible.
📈 Proposed trading scenario (Long):
⟶ Entry zone: 0.104 – 0.106
⛔ Stop loss: 0.098
🎯 Take profit: 0.110 – 0.113
The key point to monitor remains the $0.100 support zone. As long as this level is not clearly broken, the uptrend remains intact. However, it is advisable to wait for clear confirmation from price action before entering a trade to reduce risk.
In summary, $INIT is in an accumulation phase and preparing for a new upward move. Trading with the trend, strict capital management, and patiently waiting for confirmation signals will be the key during this period.
{spot}(INITUSDT)
INIT8.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin