Implementing separate CI/CD pipelines for each microservice and utilizing Kubernetes readiness and liveness probes is the correct approach. This strategy ensures better isolation, traceability, and reliability by verifying that dependent services are available before a service starts receiving traffic and monitoring the health of running services. Deploying all microservices simultaneously or using a monolithic approach can lead to failures and scalability issues, while Init Containers are not designed for managing deployment order across multiple Pods.