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Downward Reflection
- Strong active sell signal!
The USDT pair shows a clear rejection from the strong resistance area between 0.4804 and 0.4805, where sellers have entered forcefully. The current price is 0.4654, and momentum indicates a downward trend towards the main support area.
🔑 Key Levels:
Resistance: 0.4804 - 0.4805
Support: 0.4153 - 0.4137
Current Price: 0.4654
📉 Trading Setup (Sell):
Entry Area: 0.4650 - 0.4688
Take Profit: 0.4153 - 0.4137
Stop Loss: 0.4805
🧠 Market Outlook:
After a strong rise, the $INITUSDT pair is facing rejection from the supply side. If it fails to regain the resistance level, sellers might take control, pushing it towards the demand area near 0.4150.
⚠️ Risk Management:
Always use a strict stop-loss limit, and risk only 1-2% of your capital on each trade to protect yourself from sudden market fluctuations.
Do you agree with this bearish scenario?
Comment with "💔 Initial Drop" if you expect it.