$INIT /USDT BEARS DOMINATE – MORE DOWNSIDE AHEAD!
The $INIT/USDT pair has broken down sharply from its consolidation range, confirming heavy selling pressure. With a series of lower highs and a clear breakdown below support, the bearish momentum is expected to continue.
Trade Setup (Short Entry):
Entry: 0.7000 - 0.7100
Take Profit (TP): 0.6500 / 0.6200
Stop Loss (SL): 0.7850
Market Outlook:
$INIT/USDT is facing strong rejection from the upper zones, and selling volume is rising. As long as the price stays below the 0.7500 mark, the market remains bearish with high chances of deeper correction.