$INIT /USDT SHORT TRADE ENTRY — EXHAUSTION WICK SHOWS SELL PRESSURE BUILDING!!🔥💯
After a strong upward move, $INIT is now facing resistance near $0.88 with a clear rejection wick, signaling potential short-term exhaustion. Price has pulled back to $0.8599, opening a clean short opportunity for scalpers targeting a retracement.
Trade Setup (Short Idea):
• Entry Zone: $0.8580 – $0.8620
• Take-Profit (TP): $0.8320 / $0.8120
• Stop-Loss (SL): $0.8850
Market Outlook:
Bearish divergence may develop as price fails to maintain breakout highs. Look for volume confirmation on pullbacks and stay disciplined with SL above recent highs.
Pro Tip:
Trade what you see — not what you hope. Sharp spikes followed by wicks often attract profit-taking. Let structure guide your entries.