$INIT

USDT BEARISH REVERSAL SETUP – TIME TO SHORT BEFORE THE DUMP

The chart shows $INITUSDT testing a strong resistance zone near 0.4964 – 0.4967, where rejection has occurred. Current price is 0.4840, forming a possible lower high setup, indicating an imminent bearish reversal towards its key support.

🔑 Key Levels:

Resistance: 0.4964 – 0.4967

Support: 0.4221, 0.4171, major at 0.4166

Current Price: 0.4840

📊 Trade Setup (Short):

Entry: 0.4840 – 0.4960 (confirmation under 0.4840 ideal)

Targets:

🎯 TP1: 0.4221

🎯 TP2: 0.4171

🎯 TP3: 0.4166

Stop Loss: 0.4967 (above resistance zone)

📈 Market Outlook:

INITUSDT shows clear exhaustion after a strong bullish rally with repeated rejection at resistance, suggesting sellers may take over for a retracement towards support levels.

⚠️ Risk Management:

Always use a strict SL at 0.4967 to protect capital. Risk only 1-2% of your equity per trade to remain disciplined and sustain consecutive losses if market volatility spikes.

buy and trade here on $INIT

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