$INIT /USDT STRONG RALLY COOLS DOWN — PULLBACK UNDERWAY
INIT saw a massive surge toward $0.98 but faced heavy rejection and is now retracing. Price is stabilizing around $0.80, suggesting bulls are taking a breather. If this level breaks, a deeper correction may unfold.
Trade Setup:
Short Entry: $0.802–0.815
Take Profit (TP): $0.745 / $0.700
Stop Loss (SL): $0.835
Market Outlook:
After an explosive move, INIT is now correcting with lower highs forming on the 1H chart. If sellers maintain pressure below $0.82, short entries remain favorable. Volatility remains high, so trade with proper risk control.
Command for you: “Sell the spike — profit lies in the unwind.”
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