🔻 $INIT /USDT Showing Bearish Pressure – Caution Ahead!
INIT touched a local high of $0.4805, but is now pulling back below the MA(25) and approaching the MA(99) at $0.4624. A decisive close below this level could confirm a short-term downtrend.
🎯 Entry: $0.4623
🎯 TP1: $0.4520
🎯 TP2: $0.4440
🎯 Final TP: $0.4385
🛡 Stop Loss: $0.4715
📊 Market Insight:
Momentum is weakening, and the breakdown of moving averages suggests sellers are gaining control. Eyes on the 99 EMA—if breached, expect increased sell pressure.
🧠 Trade with risk management and monitor closely!
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