#INIT
Current view.
Friends, $INIT, after the trend breakout I shared 2 days ago, has risen about 25% and moved above the horizontal resistance at $0.1013, which I set as the first target. It then performed a very clean retest of this level and received retest confirmation.
The view now looks very strong.
✅The downtrend was broken
✅The horizontal resistance turned into support
✅The retest worked successfully.
Thus, from a technical perspective, the path for continued upside appears open.
As long as it stays above the $0.1013 level, the following targets marked on the chart can be followed in order:
🔸$0.1442
🔸$0.2099
🔸$0.3500
and subsequently
🔸$0.5794
Keep an eye on it.
