$INIT SHARP DUMP IN PROGRESS – SHORT TRADE SETUP ACTIVATED 📉🚨
$INIT is collapsing hard, down -10.70%, now trading at $0.6277 after failing to hold the $0.6948 high. Sellers are in control, and the price structure is clearly printing lower highs and lower lows on the 15M timeframe. 🔻
SHORT TRADE SETUP: 📉
Entry Zone: $0.6280 – $0.6320
Take Profit 1 (TP1): $0.6110
Take Profit 2 (TP2): $0.5920
Take Profit 3 (TP3): $0.5720
Stop-Loss: Above $0.6410 🚫
If the price fails to reclaim $0.6410, a continuation to the downside is highly likely. Watch for red candles accelerating with volume for confirmation. 🔴📊
