🔻 $INIT /USDT – Pullback After Sharp Pump
Current Price: $0.5276 (+37.65%)
24h High: $0.6102
24h Low: $0.3813
INIT pumped strongly but faced rejection near $0.61. The price is now below the short-term moving average (MA7 = $0.5338), showing weakness. If $0.52 support breaks, more downside is possible.
🔍 Trade Setup – Short Bias
Entry: $0.530 – $0.540
Target 1: $0.490
Target 2: $0.460
Stop Loss: Above $0.555
Note: Bearish pressure increasing as MA(7) is crossing below MA(25). Monitor closely for trend confirmation.