$INIT /USDT Short Trade Setup:

- *Price Action*: $INIT surged 17% to $0.5821, but showed strong rejection, forming lower highs and struggling above $0.5627.

- *Trade Setup*:

- *Entry Zone*: $0.5570 - $0.5620

- *Take Profit Targets*:

- *TP1*: $0.53700

- *TP2*: $0.51200

- *Stop-Loss*: Above $0.5830 (recent high wick)

- *Validation*: This short setup is valid as long as the price remains below $0.5821. Wait for rejection confirmation before entering.

- *Rationale*: Fading bullish strength and lower highs suggest potential for a deeper correction toward key support levels. Bears gaining control below $0.5530 could accelerate the decline.

Trade here $INIT

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