$INIT /USDT BEARISH PRESSURE CONTINUES!
$INIT /USDT is under heavy selling pressure, dropping nearly -20% in the last 24 hours and consistently forming lower highs and lower lows on the 1H chart. The price action shows no clear signs of recovery yet, suggesting further downside potential if support levels break.
Trade Setup:
Entry: $0.6700 - $0.6740
Take Profit (TP): $0.6560 / $0.6450
Stop Loss (SL): $0.6850
Market Outlook:
With strong bearish momentum and no reversal signals yet, INIT/USDT could continue declining. If $0.6560 breaks, expect accelerated selling pressure. Risk management is crucial due to high volatility.
#INITUSDT #CryptoSignals #BearishTrend #ShortTrade #BinanceFutures
