$INIT USDT – BEARISH PULLBACK IN PLAY
$INIT is showing weakness after failing to hold its mid-range support. The recent lower high structure suggests sellers are regaining control, with price now testing the 0.1740 zone — a key short-term pivot that could lead to further downside if broken.
Trade Setup:
Short Entry: 0.1740 – 0.1755
Target 1: 0.1725
Target 2: 0.1710
Target 3: 0.1690
Stop Loss (SL): 0.1765
Market Outlook:
Momentum favors bears as the market shows consistent rejection near resistance levels. A clean break below 0.1730 could confirm continuation of the downtrend.
