$INIT /USDT Trade setup:
⚠️ Lesson from the trade, Always use stop loss in safe zone!
INIT/USDT rejected the key supply zone near 0.91 and broke below the rising wedge, confirming bearish reversal. Although the price briefly pulled back, it respected the bearish structure and re-entered the profit zone, validating the setup. This is a textbook example of why disciplined stop loss placement is crucial.
Trade Setup:
Short Entry: 0.8367 (Confirmed Rejection)
Take Profit (TP): 0.6796
Stop Loss (SL): 0.9054
Market Outlook:
Momentum remains bearish with lower highs forming. As long as price trades below 0.83, continuation toward lower targets remains favored. Always protect your capital by keeping stop losses above invalidation zones.
