$INIT

USDT BEARISH BREAKDOWN IMMINENT – SELL PRESSURE TAKING CONTROL

INITUSDT is showing clear weakness as it tests the critical support zone near 0.3420. The price action suggests sellers are preparing for a strong breakdown if this support fails to hold.

🔑 Key Levels:

Resistance Levels: 0.3595 – 0.3600, 0.3800, 0.4100

Support Levels: 0.3420 (current tested support), 0.3107 (next strong support)

📉 Trade Setup (Short):

Entry: 0.3420 (Breakdown Entry)

Take Profit: 0.3107

Stop Loss: 0.3595

💡 Market Outlook:

The market structure remains bearish with continuous lower highs and a strong downtrend visible. Volume spikes on bearish candles confirm dominant sell-side momentum. If the support at 0.3420 breaks decisively, expect a swift move towards 0.3107.

⚠️ Risk Management:

Trade with strict stop loss as shown. Never risk more than 1-2% of your portfolio per trade. Wait for candle confirmation below support before entering for safer execution.

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