$INIT /USDT BEARISH BREAKDOWN CONFIRMED – FALLING FROM SUPPLY ZONE AFTER CHANNEL FAILURE!
After breaking down from the rising parallel channel, $INIT/USDT has clearly rejected the 0.8367 resistance zone and is now showing strong bearish momentum. A lower high has been formed near previous support turned resistance, which confirms the bearish continuation setup. Price is currently trading at 0.8050 and is heading toward the next major support area.
Trade Setup:
Short Entry: 0.8300 – 0.8360
Take Profit (TP): 0.7600 / 0.7100 / 0.6800
Stop Loss (SL): 0.8550
Market Outlook:
$INIT has lost bullish structure and is now under bearish pressure. Unless price reclaims the 0.8500 zone with strong volume, the path of least resistance is downward. Ideal for short positions below 0.8360.
Command: Ride the breakdown, bears are leading this round.
