$INIT /USDT short trade signal 🚦 🛑
BEARISH SETUP: SUPPLY ZONE REJECTION COULD TRIGGER FRESH DOWNSIDE MOVE
After a brief recovery attempt,
$INIT /USDT has faced strong resistance at the supply zone around 0.7180–0.7420. Price action is now forming a lower high structure, signaling that sellers are regaining control. The red arrow projection highlights the potential drop from current levels as downside momentum builds up.
Trade Setup:
Short Entry: 0.7180 – 0.7220
Take Profit (TP): 0.6620
Stop Loss (SL): 0.7420
Market Outlook:
The current rejection near a key resistance zone after a failed breakout suggests that bearish continuation is likely. If price loses the 0.7000 support, a deeper drop toward 0.6620 is probable. Risk management is crucial due to possible short squeezes.
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$INIT