$INIT /USDT BEARISH MOVE IN PLAY – REJECTION FROM RESISTANCE ZONE!
$INIT is showing signs of weakness after facing rejection near the $0.9200 resistance. Despite a brief pump to the upside, it failed to hold above key levels and is now trading around $0.8155. Sellers are starting to dominate as price breaks below support zones with increased downside volume.
Trade Setup (SHORT):
Entry: $0.8150 – $0.8400
Target 1: $0.7800
Target 2: $0.7400
Stop Loss: $0.8700
Why Short?
Price faced heavy rejection at $0.9200 and failed to reclaim that zone. The market structure is tilting bearish with successive lower highs, and the candle body at $0.8150 is now testing key support. If the $0.8000 level fails, sellers could drive it lower toward the next support range near $0.7400–$0.7200.
Risk Management Tip:
Never chase the breakdown—enter only if the price remains below $0.8400 and trail SL as targets are hit. Adjust lot size to manage risk under high volatility.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!