$INIT
INITUSDT
Perp
0.0862
+2.25%
BULLISH BREAKOUT: TECHNICAL ANALYSIS
$INIT is showing clear bullish momentum after bouncing from strong support around 0.0800. The price is consolidating near key resistance levels, indicating a potential breakout and continuation of the upward trend. Buyers are likely to dominate if the price closes above 0.0880, confirming bullish strength.
Entry: On breakout above 0.0880
Targets:
TP1: 0.0920
TP2: 0.0940
TP3: 0.0960
Stop Loss: 0.0840
Risk Management: Limit exposure to 1–2% of trading capital per position; move SL to breakeven once TP1 is reached.