$INIT SHARP DUMP IN PROGRESS – SHORT TRADE SETUP ACTIVATED
$INIT /USDT is collapsing hard, down -10.70% and now trading at $0.6277 after failing to hold the $0.6948 high. Sellers are dominating, and the structure is clearly printing lower highs and lower lows on the 15M timeframe.
SHORT TRADE SETUP:
Entry Zone: $0.6280 – $0.6320
TP1: $0.6110
TP2: $0.5920
TP3: $0.5720
Stop-Loss: Above $0.6410
If price fails to reclaim $0.6410, continuation to the downside is likely. Watch for red candles accelerating with volume.