🔥
$INIT 📢has already completed a deep correction from the 0.15 area, forming a clear base around 0.075–0.078, which is a strong demand zone. The sharp bounce from that area signals seller exhaustion and the beginning of a short-term trend shift.
👌The current move is not random it’s a relief rally after prolonged weakness, which often leads to multi-leg upside if price holds above the recent higher low. As long as
$INIT stays above the demand zone, buyers have the edge.
This is why the bias is long and not short: short positions are now late, while dip buyers are stepping in with confidence.
Support Zones:
• 0.090 – 0.088 (intraday support)
• 0.085 – 0.075 (major demand zone)
Resistance Zones:
• 0.098 – 0.108 (first selling pressure)
• 0.122 – 0.135 (strong supply from previous breakdown)
If price loses 0.075, the setup is invalid. Until then, dips are opportunities, not panic.
If you’re not following Token Talk, you’re missing these early reversal scalps before momentum fully expands.
#USGDPUpdate #USJobsData #zoha