$INIT USDT – REJECTION AT $0.4212, BEARISH REVERSAL TAKING SHAPE

STRUGGLING TO HOLD ABOVE BREAKOUT LEVEL

MACD STILL POSITIVE BUT SHOWING EARLY SIGNS OF WEAKNESS

$INIT hit a local high at $0.4212 but failed to hold the breakout, pulling back with a bearish candle on the 15m chart. The sharp wick at the top signals rejection, with short-term buyers losing momentum.

MACD remains positive but histogram bars are flattening, indicating a possible momentum shift to the downside.

Short Entry: 0.4180

Target 1 (TP): 0.4129

Target 2 (TP): 0.4083

Stop Loss (SL): 0.4223

As long as the price remains under $0.4200, short-term pressure favors sellers.

#INITUSDT #BearishSignal #CryptoTrading #AltcoinReversal #BinanceFutures