$INIT /USDT – SHORT TRADE SIGNAL: RALLY STALLS NEAR RESISTANCE ZONE

$INIT has shown a strong intraday bounce but failed to break above the $0.4520 resistance, forming a potential lower high. The price is now hovering just below that level with weakening bullish momentum and signs of rejection wicks, suggesting a possible pullback ahead.

Trade Setup – Short Entry

• Entry: $0.4480 – $0.4520

• Targets:

• TP1: $0.4360

• TP2: $0.4230

• Stop Loss: $0.4560

Market Outlook:

If the price gets rejected from this range again, bears could take short-term control. Caution advised if it closes strongly above $0.4520.

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