$INIT USDT BEARS IN CONTROL – FURTHER DROP EXPECTED ⚠️🔻
$INIT is under strong bearish pressure after a failed attempt to hold above the $0.4722 resistance zone. Sellers are dominating, and the price is making lower highs, indicating possible continuation to the downside.
🔑 Key Levels:
Resistance: $0.4722 – $0.4800
Support: $0.3920
Current Price: $0.4315
💡 Trade Setup (SHORT):
Entry Zone: $0.4350 – $0.4385
Targets:
TP1: $0.4218
TP2: $0.4166
TP3: $0.3920
Stop Loss: $0.4611
📊 Market Outlook:
INIT has broken below key mid-level support, shifting momentum bearish. If price retests and rejects the $0.4350–$0.4385 zone, downside continuation towards $0.4166 and $0.3920 is likely.
⚠️ Risk Management:
Use strict position sizing with max 1–2% risk per trade. Always wait for confirmation candles before executing your entry to reduce false break risks.
Comment ⚡ if you’re watching this bearish setup unfold!
#INIT #CryptoSignals #BearishSetup #TradeWithDiscipline #TechnicalAnalysis