$INIT
USDT BEARISH BREAKDOWN – SELL PRESSURE STILL DOMINATES 🔻
📊 Explanation: INITUSDT is in a strong downtrend, forming a clear bearish channel with lower highs and lower lows. Current price action at 0.3564 indicates continued selling momentum as price fails to reclaim resistance zones.
🔑 Key Levels:
Resistance: 0.3716 and 0.3855 (major supply zones above)
Support: 0.3325 (next demand zone if breakdown continues)
Current Price: 0.3564
🎯 Trade Setup:
Entry (Short): 0.3564
Take Profit (TP): 0.3325
Stop Loss (SL): 0.3716
🌐 Market Outlook: The market structure remains bearish unless price breaks above 0.3716 with strong momentum. Traders should stay cautious of sudden wicks due to low liquidity in smaller alts.
⚠️ Risk Management: Always risk only 1-2% of your trading capital per setup. Maintain disciplined stop-loss to protect against unexpected reversals and ensure long-term trading sustainability.