Here is your professional Binance Square technical analysis post for the given chart:

$INIT USDT BEARISH REVERSAL AFTER FAILING TO HOLD GAINS

$INIT showed a strong intraday rally touching $0.4981 but failed to sustain, retracing back below $0.4750. Current price action near $0.4701 indicates weakness with lower highs forming, suggesting bears are regaining control for a possible further downside move.

📊 TRADE SETUP (SHORT):

Entry Zone: $0.4720 – $0.4680

Targets: TP1 $0.4600 / TP2 $0.4520 / TP3 $0.4420

Stop Loss: $0.4800

💡 MARKET OUTLOOK:

Momentum is fading as bulls failed to protect the breakout. If price remains below $0.4750, further declines are expected with increased selling pressure towards support zones.

⚠️ Risk Management:

Use strict stop-loss to avoid reversal traps. Avoid oversized positions as volatility is high.

#INIT #CryptoSignals #ShortSetup #MarketAnalysis #Binance

buy and trade here on $INIT

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