$INIT /USDT ā BULLS LOSING STEAM, POSSIBLE SHORT-TERM PULLBACK šā ļø
$INIT climbed to a high of 0.4270 but has since faced selling pressure, now trading near 0.4121. The shift in momentum suggests a possible short-term retracement unless buyers step in to defend key support levels.
š Trade Setup:
Entry Zone (Short): 0.4130 ā 0.4150
Take Profit 1: 0.4050
Take Profit 2: 0.3980
Stop Loss: 0.4200
š Market Outlook:
Momentum is weakening as$INIT
forms lower highs on the 15m chart. A failure to reclaim 0.4160 could lead to further downside. Bulls must defend 0.4100 to prevent deeper correction.
#INIT #BearishReversal #CryptoTrading #AltcoinUpdate #TradingSetup
buy and trade here on