📉 $INIT USDT Bearish Breakdown In Progress
$INIT /USDT is currently trading at $0.3554 (-4.18%) and has clearly broken below the descending channel support after a failed retest near $0.90 resistance.
The chart shows a peak near $1.4632, followed by consistent lower highs and a steep fall.
📌 Trade Setup:
Entry: $0.3556
TP: $0.2060
SL: $0.4786
Momentum favors the bears. Watch for further downside if support fails to hold.
Stay sharp and follow for more high-conviction setups.