🔔 $INIT / USDT
Current price: 0.0746 dollars
Short-term trend: Bullish with strong momentum
After the sharp breakout of the 0.0720 area, the pair confirms the dominance of buyers with a clear acceleration in momentum, supported by rising trading volumes and continued positivity in MACD. The price is now testing a minor resistance area near 0.0750.
⸻
📌 Trading plan:
✅ Scenario One (Continuation of the rise)
Entry:
Successful retest of the 0.0720 – 0.0730 area
Targets:
🎯 0.0750
🎯 0.0800
🎯 0.0850
Stop Loss:
0.0695
⸻
⚠️ Scenario Two (Short correction)
If it fails to hold above 0.0720, we may see a correction towards 0.0700 – 0.0690 before resuming the trend.
⸻
📊 Technical reading:
• The current trend is bullish.
• The breakout occurred with strong momentum.
• Any current correction is considered healthy as long as we maintain 0.0690.
Capital management is essential after a rapid impulsive move, and it is advisable to secure part of the profits at the first target.
