$INIT /USDT — Short-Term Trading Opportunity: Bearish Reversal in Play! 🔥📉

After peaking at $1.3796, $INIT is showing clear signs of weakness. A lower high structure has formed, and price has broken below key support at $1.250, signaling potential for deeper downside.

📌 Current Price: $1.2410

📈 24H High: $1.3796

🔻 Breakdown Zone: $1.250

📉 Next Support Levels: $1.200 – $1.160

Market Outlook:

Bearish engulfing candles on lower timeframes confirm increasing selling pressure. If $1.24 fails to hold, the next move down could accelerate quickly.

💼 Pro Tip:

In fast markets, fading momentum can be just as powerful as riding it. Manage risk and strike where the trend confirms.

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