$INIT /USDT BEARISH REVERSAL INCOMING – TIME TO CONSIDER SHORTS!

After a strong upward push, $INIT/USDT is showing signs of exhaustion near the resistance zone around 0.7237. Price has hit a key rejection level and failed to close above it, forming a bearish candle on the 30-minute chart. This indicates a potential reversal, making it an ideal opportunity to consider a short position.

Trade Setup:

Short Entry: 0.7218 – 0.7237

Take Profit (TP): 0.6726

Stop Loss (SL): 0.7523

Market Outlook:

If price sustains below the 0.7237 resistance, further downside is likely as sellers regain control. The previous support zone near 0.6726 offers a clean target. Caution is advised if the price breaks and holds above 0.7523, invalidating the bearish bias.

Command: Watch rejection zones and ride the pullback for clean gains!

#CryptoTrading #BearishSetup #Altcoins #BinanceSignals #INITUSDT