$INIT

USDT BEARISH REVERSAL – SELLERS READY TO DOMINATE AGAIN? 🔻

$INITUSDT is showing clear signs of weakness after failing to break above its key resistance zone. The current price is 0.4048, indicating a potential reversal towards lower support levels.

🔑 Key Levels:

Resistance: 0.4091 – 0.4092 (strong rejection zone)

Support: 0.4021 immediate support, with extended target support near 0.3812

🎯 Trade Setup (Short):

Entry: 0.4045 – 0.4090 (ideal sell zone)

Take Profit (TP): First TP at 0.4021, final TP at 0.3812

Stop Loss (SL): 0.4095 (above resistance)

📊 Market Outlook:

INIT attempted a bullish push but faced heavy rejection near 0.4090 resistance. If it stays below this level, bears will likely pull it down towards 0.4021 and possibly extend losses to 0.3812, confirming a short-term downtrend continuation.

⚠️ Risk Management:

Always trade with a stop loss to protect capital. Risk only 2% of your trading wallet per trade and never overleverage in choppy market conditions to maintain discipline and consistency.

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buy and trade here on $INIT