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/USDT Short Trade Setup.!💯🔥
$INIT has surged strong hitting a high of $0.6709. The rally is starting to stall under psychological resistance at $0.68–$0.70. Volume shows early signs of exhaustion, which may trigger a correction.
Entry:
0.6620 – 0.6800 (preferably on a rejection wick)
Targets:
T1: 0.6180
T2: 0.5820
T3: 0.5430
Stop Loss:
0.6920 (above intraday high and round number pressure)
Key Levels:
Resistance: 0.6700 – 0.6800
Support: 0.6180, 0.5820, 0.5430
Pivot: 0.6400
Pro Tip:
Look for a bearish engulfing candle or long upper wick on the 15m–30m chart to time your entry. Avoid shorting during an impulsive green candle; wait for confirmation.$INIT
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