🟢$INIT 4H – Potential Bullish Reversal!
INIT is holding above the Supertrend (0.17047) and MA(99) (0.16377), suggesting that the broader bullish structure remains intact. After a strong correction from 0.30298, buyers may step in near the 0.18262 support zone.
If buying volume increases and price breaks above EMA/MA(7) at 0.22745, a bullish recovery toward higher resistance levels could follow.
Entry: 0.22745
Stop: 0.17047
Target: 0.25000 – 0.30290
Trade carefully. This is a technical analysis, not a guaranteed prediction.
#INIT #INITUSDT #bullish
INIT is holding above the Supertrend (0.17047) and MA(99) (0.16377), suggesting that the broader bullish structure remains intact. After a strong correction from 0.30298, buyers may step in near the 0.18262 support zone.
If buying volume increases and price breaks above EMA/MA(7) at 0.22745, a bullish recovery toward higher resistance levels could follow.
Entry: 0.22745
Stop: 0.17047
Target: 0.25000 – 0.30290
Trade carefully. This is a technical analysis, not a guaranteed prediction.
#INIT #INITUSDT #bullish