$INIT /USDT BEARISH SETUP – LOSING SUPPORT WITH DOWNSIDE RISK AHEAD ⚠️

📌 Current Price: $0.4228 (-8.68%)

📈 24H High: $0.4687

📉 24H Low: $0.4192

📊 Volume (INIT): 15.97M

💵 Volume (USDT): 7.06M

📂 Category: Layer 1

🔍 TECHNICAL ANALYSIS (4H + 1D TIMEFRAME)

has seen sharp selling pressure, down nearly 9% with price barely holding above the $0.4200 support zone. It has broken below the short-term trend and is approaching a critical decision point. Unless strong buyers step in near $0.4190–$0.4200, further downside could be triggered.

🔑 KEY LEVELS TO WATCH:

🟢 Support Zones:

$0.4190 – Immediate support (24H low)

$0.4000 – Psychological & structural demand level

$0.3800 – Extended support if breakdown accelerates

🔴 Resistance Zones:

$0.4400 – First resistance above current level

$0.4600 – Mid-range supply zone

$0.4687 – 24H high & short-term top

⚔️ TRADE SETUP (SHORT):

🔽 Entry Zone: $0.4230 – $0.4250 (retest failure or clean breakdown)

🎯 TP1: $0.4050

🎯 TP2: $0.3900

🛑 SL: $0.4400 (above resistance zone)

> 📉 Breakdown Confirmation: Watch for 1H candle close below $0.4190 with growing volume to validate downside move.

⚖️ RISK MANAGEMENT:

Risk only 2–3% of capital

Maintain a Risk/Reward ratio ≥ 1:2

Use stop-loss strictly and trail below TP1

📈 SUMMARY:

$INIT is showing weakness below key resistance, with price hugging local support. A breakdown below $0.4190 may lead to a quick drop to $0.4000 or lower. Sellers remain in control unless the price reclaims $0.4400+ with strength.

🔻 Bias: Bearish until confirmed reversal – breakdown likely in play!

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