$INIT
BULLISH CONTINUATION | UPSIDE MOMENTUM IN PLAY
$INIT is showing a strong bullish structure after holding the key support zone at 0.0759. Higher lows and consistent buying pressure indicate potential continuation toward higher resistance levels.
Bullish Scenario (Next Move)
As long as price remains above the support zone, bullish momentum is likely to continue. Pullbacks toward the demand area can serve as ideal entry points for traders targeting the next leg up.
Entry Zone
0.082 – 0.085 (pullback into support)
Targets (TP)
TP1: 0.100
TP2: 0.120
TP3: 0.140 – 0.160
Stop Loss (SL)
0.075 (below major support and invalidation)
Technical Confluence
• Strong demand zone confirmed
• Higher low formation across multiple timeframes
• Momentum aligned with bullish trend
Risk Management
Risk 1–2% per trade, take partial profits at TP1, and trail stop to breakeven to protect capital.