$INIT USDT SHORT TRADE SETUP – Targeting $0.53700 & $0.51200
INIT just printed a strong +17% move, tapping out at $0.5821 before showing clear rejection from the highs. Price is now hovering near $0.5585, struggling to break above $0.5627 with visible lower highs forming—a sign of fading bullish strength.
If bears gain control below $0.5530, we could see a deeper correction toward key support levels.
📊 Trade Setup:
• Entry Zone: $0.5570 – $0.5620
• TP1: $0.53700
• TP2: $0.51200
• Stop-Loss: Above $0.5830 (recent high wick)
As long as price remains below $0.5821, this short setup is valid. Wait for rejection confirmation before entering.
