$INIT /USDT – BEARS IN FULL CONTROL, SUPPORTS UNDER PRESSURE
INIT is facing heavy downside pressure after failing to hold the $0.40 level. The sharp rejection from recent highs and consecutive lower lows point towards a continuation of the bearish trend. Selling momentum is increasing, and buyers have yet to show any strong defense near key support.
Trade Setup (Short)
Entry Zone: $0.395 – $0.405
Take Profit 1: $0.384
Take Profit 2: $0.372
Stop Loss: $0.412
Market Outlook:
Momentum indicators confirm bearish bias with no signs of reversal yet. If $0.384 breaks decisively, the next leg could target the $0.37 zone. Any relief bounce should be treated cautiously as long as price stays below $0.41 resistance.
