📉 Watching $INIT for a Short Opportunity

Price tapped above $0.58 but is starting to fade — showing signs of weakness with lower highs forming and momentum cooling off.

Current Price: $0.5485

If $0.555 gets rejected with strong volume, I’m ready to enter short. 🔻

📌 Short Setup:

Entry Zone: $0.5480 – $0.5560

Target 1: $0.5320

Target 2: $0.5100

Target 3: $0.4880

Stop Loss: $0.5840

Solid setup with defined risk — watching closely for that rejection to pull the trigger.

$INIT

Price: $0.5424 (+11.97%)

#INIT #CryptoShort #TradeSetup #MarketReversal #BinanceWatchlist