$INIT /USDT BEARS STILL IN CONTROL — NO CLEAR SUPPORT IN SIGHT!
$INIT is down 7.47% and continues to trade in a sharp downtrend on the 15-minute chart. The price has fallen from a high of $1.0298 to $0.9347, breaking through multiple intraday supports. Weak bounces and consistent selling suggest further downside risk.
Trade Setup (Short):
Entry: $0.9350 – $0.9420
Take Profit (TP): $0.9220 / $0.9100
Stop Loss (SL): $0.9560
Market Outlook:
As long as INIT remains below the $0.9550 level, the bears remain dominant. Unless a strong reversal forms above $0.9600 with volume, the path of least resistance is still downward.
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