$INIT /USDT BULLISH BREAKOUT MOMENTUM – CONTINUATION LIKELY

The chart shows strong bullish momentum supported by a sharp upward move and sustained buying pressure. Price has broken above its recent consolidation range and is holding near the highs, indicating strength and potential continuation of the uptrend.

Market Structure & Key Levels: Immediate resistance is seen near 0.0980, where price may face short-term selling pressure. Key support is established around 0.0900–0.0920, acting as a demand zone if a pullback occurs. Higher lows formation confirms bullish structure.

Trade Setup: LONG POSITION

Entry: Above 0.0950 (breakout confirmation)

Targets:

TP1: 0.0980

TP2: 0.1010

TP3: 0.1050

Stop Loss: 0.0915

Alternative Scenario:

Failure to hold above 0.0920 could invalidate bullish momentum and lead to a deeper retracement.

Risk Management:

Limit risk to 1–2% per trade, avoid chasing extended candles, and wait for confirmation to ensure disciplined execution.

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