💥 $INIT
USDT BEARISH BREAKDOWN – STRONG REJECTION BELOW RESISTANCE!
$INITUSDT is showing a clear bearish continuation as price fails to reclaim the key resistance zone.
🔑 Key Levels:
Resistance: $0.3575 – recent breakdown retest zone
Major Resistance: $0.4200 – previous strong supply area
Support: $0.3171 – immediate target support zone
Current Price: $0.3456
📉 Trade Setup (Short Entry):
Entry: $0.3456 (current market price)
Targets (TP):
TP1: $0.3171
TP2: $0.3164 (extended support target)
Stop Loss (SL): $0.3737 (above resistance and bearish invalidation)
📊 Market Outlook:
INITUSDT is in a clear downtrend after retesting and rejecting the minor resistance zone. Bears are in control unless price reclaims above $0.3575.
⚠️ Risk Management:
Always use a fixed SL and risk only 1-2% of your capital per trade. Protect your equity, as momentum may reverse quickly near strong supports.
buy and trade here on $INIT
💡 Comment “🔥” if you caught this bearish setup today!