🚨 INIT/USDT: Is the Downtrend Done? Analyzing the Price Action!

Market Outlook: Initia (INIT) has been in a sustained downtrend since hitting its all-time high in May 2025. The price has been consistently forming lower highs and lower lows, indicating strong bearish momentum. Currently, the price is testing a key support level around $0.33–$0.34, and the recent consolidation around this area is crucial.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed bounce and a candle close ABOVE the resistance level of $0.385–$0.395 on a higher timeframe (e.g., 4H or Daily) with significant volume. This would signal a shift in momentum and a potential reversal of the short-term bearish trend.

💰Targets: $0.405, $0.420, and potentially $0.445.

🛑Stop Loss: Below the breakout candle's low or below the recent support area of $0.33.

🟥 Short Entry Trigger: Consider a short if the price shows a strong rejection at the $0.385 resistance and a confirmed breakdown BELOW the current support area around $0.33–$0.34. This would indicate a continuation of the bearish trend and a likely test of previous lows.

💰Targets: $0.320, $0.310, and towards the previous lows near $0.285.

🛑Stop Loss: Above the swing high at $0.395.

Your Action Plan:

01 - ⏳ Wait for Confirmation: Do not rush into a trade. Wait for a clear bounce or breakdown to be confirmed by a candle close. The recent consolidation means a move in either direction is plausible.

02 - 🛡️ Use a Stop-Loss: Always protect your capital. A stop-loss is essential, especially with volatile assets like INIT.

03 - ⚖️ Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, especially given the recent volatility and negative long-term trend.

📢 What are your thoughts?

Vote: Do you think INIT will rebound from its current support or break down further?

Bounce and Break Higher

Fall Back to Lows

Comment: Share your analysis below!