$INIT /USDT – Bearish Trend with Support Testing

Momentum Analysis: $INIT has seen a significant drop, currently at $0.7139, down by 22.49% in the last 24 hours. The price is hovering near recent lows and is testing key support levels.

Long Setup: Watch for any bounce back from the $0.6751 support level for a potential short-term recovery. Targets: T1 at $0.7279, T2 at $0.7643, T3 at $0.7850. Stop Loss: Below $0.6751.

Breakout Confirmation: Break above $0.7279 confirms bullish momentum. Key Support: $0.6751.

Pro Tip: Given the recent drop, be cautious of further declines. Monitor the support levels closely before entering a trade.

Hashtags: #INITUSDT #CryptoTrading #MarketAnalysis #BearishTrend