Emma

$INIT/ USDT STRONG BOUNCE FROM MAJOR DUMP ZONE!

$INIT just delivered a sharp recovery off the 0.4682 bottom, reclaiming the 0.55+ zone with over +14% intraday gains. Both 1H and 4H charts show strong bullish momentum kicking in after a long downtrend, hinting at a potential trend reversal brewing.

Market Snapshot:

Current Price: 0.5590 USDT

24H High / Low: 0.5821 / 0.4682

24H Volume: 43.42M INIT

Performance: +14.57% today, -51.20% (30D)

Category: Layer 1 / Layer 2

Trade Setup (Short-Term Momentum)

Entry Zone: 0.5520 – 0.5600

Take-Profit 1: 0.5820 (24H High)

Take-Profit 2: 0.6100

Stop-Loss: 0.5320

Chart Note:

Watch how price behaves around the 0.5820 resistance. If broken with volume, this could trigger a move back toward the 0.60+ supply zone.

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