$INIT /USDT BEARISH DROP IN ACTION — STAY ALERT FOR FURTHER DOWNSIDE!
$INIT /USDT is currently trading at $1.16 after a sharp -13.44% decline. The price has broken below the key $1.20 level and is struggling to reclaim it, indicating continued bearish pressure in the short term.
Trade Setup (Short):
Entry: $1.1687
Take Profit (TP): $1.1500 / $1.1200
Stop Loss (SL): $1.2500
Market Outlook:
With price rejecting the upper levels near $1.44 and forming lower highs, INIT appears poised for further correction. The volume spike on the sell side supports this move. Watch for a breakdown below $1.14 to confirm continuation. Caution is advised for long positions until clear support forms.
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