⚠️ $INIT /USDT – Pullback in Progress! Support Zone Under Watch
$INIT is trading at $0.9113, down 2.62% after a failed breakout above $0.94.
Multiple wicks to the upside suggest rejection and profit-taking pressure.
If $0.90 fails to hold, we may see a deeper retest toward the $0.88–$0.86 levels.
📊 Key Levels:
• Resistance: $0.94
• Support: $0.90, then $0.88
🎯 Trade Setup (Short Idea):
• Entry Zone: $0.912 – $0.918
• TP1: $0.90
• TP2: $0.88
• SL: $0.945
🧠 Quick Insight:
• Bearish rejection candles are stacking — volatility high, so tighten risk.
🚨 Short $INIT while rejection zone holds firm below $0.94!
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