$INIT /USDT BEARISH REVERSAL SIGNAL — PRICE REJECTED FROM RESISTANCE ZONE
$INIT /USDT has sharply rejected from the major resistance area around 1.17, showing strong selling pressure after failing to hold above the breakout zone. A double-top structure is forming with lower highs and increasing bearish candles, suggesting downside risk in the short term.
Trade Setup:
Short Entry: 1.1315
Take Profit (TP): 1.0803
Stop Loss (SL): 1.1729
Market Outlook:
Price has broken the immediate support and failed to reclaim higher ground. If bearish momentum continues, we could see a drop back toward the 1.08 region. Watch volume closely for further confirmation of weakness.
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