$INIT /USDT BEARS TAKE THE WHEEL – EXPECT FURTHER DOWNSIDE UNLESS KEY SUPPORT HOLDS!
Market Sentiment: Bearish
Current Price: 0.5321 USDT
24h Change: -8.47%
KEY LEVELS TO WATCH:
Immediate Resistance: 0.5447 – Short-term sellers active here
Next Resistance: 0.5675 / 0.5800 – Critical zones to regain bullish structure
Strong Support: 0.5200 – Last defense before deeper drop
Next Support Zones: 0.4973 / 0.4800 / 0.4600 – Bearish continuation target areas
TRADE SETUP – SHORT POSITION
Entry: 0.5320–0.5400 zone (near current price)
Stop Loss (SL): 0.5675 – Above resistance
Take Profit (TP):
TP1: 0.4973
TP2: 0.4800
TP3: 0.4600 (if selling pressure intensifies)
MARKET OUTLOOK:
INIT/USDT is under strong bearish pressure, breaking below previous support zones with increasing selling volume. Unless bulls step in near 0.5200, the pair is likely to test lower levels. Momentum favors short-term downside continuation.
RISK MANAGEMENT:
Risk only 1–2% of your total capital
Stick to your SL, avoid revenge trading
Use trailing SL if TP1 hits for better risk-reward
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