$INIT /USDT short trade signal 🚦 🛑
BEARISH SETUP UNFOLDING — LOWER HIGHS SIGNAL POTENTIAL DROP!
After rejecting the $1.22 resistance zone, $INIT/USDT has begun forming lower highs, indicating bearish momentum on the 30-minute chart. Price is currently consolidating near $1.13, and a breakdown below $1.12 could accelerate the downside move. The volume is also favoring sellers with 57% dominance on the order book.
Trade Setup (SHORT):
Entry: $1.1300 – $1.1200
Take Profit: $1.0800 / $1.0500
Stop Loss: $1.1550
Market Outlook:
Unless bulls reclaim the $1.16 resistance, the path of least resistance is down. The trend structure favors sellers, and volume supports a bearish breakout below short-term support.
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