$INIT /USDT short trade signal 🚦🛑
BEARISH PULLBACK AFTER REJECTION FROM SWING HIGH — SHORT SETUP ACTIVE!
$INIT touched a strong resistance at $0.7157 and faced immediate rejection, forming a lower high and showing signs of a short-term pullback. Current price action at $0.6936 suggests momentum is shifting in favor of sellers as bids dry up and the order book shows 76.6% sell pressure.
Trade Setup (SHORT):
Entry: $0.6930 – $0.6960
Target 1: $0.6820
Target 2: $0.6640
Stop Loss: $0.7170
Market Outlook:
As long as $0.7013 remains unbroken, downside pressure is likely to continue. The 1H structure shows a lower high forming, indicating potential trend reversal unless bulls reclaim volume and push past resistance.
Risk Management Tip:
Use wider stops above $0.7170 only if trading with strong confirmation. Trail stops on breakdowns for safer exits.
Sell smart — don’t chase green candles when the trend is turning red!
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buy and tread here on $INIT