$INIT /USDT short trade signal 🚦 🛑
BEARISH BREAKDOWN — SELLING PRESSURE INTENSIFIES
$INIT has plunged below a key support zone near $0.60, showing strong bearish momentum on the 30-min chart. The series of consecutive red candles and a sharp wick to the downside signal aggressive sell-offs and weak buyer response. The failure to hold above $0.66 confirms bearish continuation.
Trade Setup: (Short Position)
Entry: $0.5790 - $0.5850
Take Profit (TP): $0.5400 / $0.5100
Stop Loss (SL): $0.6100
Market Outlook:
As long as $INIT trades below the $0.60 mark, bearish dominance is expected to continue. Volume spikes on red candles further validate seller strength. Keep a close eye on $0.5560 — a break below could trigger further downside.
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