$INIT /USDT BEARISH PULLBACK — REJECTION AT LOWER HIGH CONFIRMS SELLERS STILL IN CONTROL!
$INIT /USDT attempted a recovery bounce but faced rejection below the $0.7450 level, forming a lower high and slipping back under $0.7100. The 1H chart shows continued weakness as price fails to reclaim key resistance and now consolidates near $0.707 with downside pressure building.
Trade Setup:
Short Entry: 0.7080 – 0.7140
Take Profit Targets: 0.6900 / 0.6750 / 0.6600
Stop Loss: 0.7320
Outlook:
Market structure favors bears as momentum weakens on every bounce. A breakdown below $0.700 could trigger a sharper fall toward key support zones. Ideal short setup for traders watching rejection zones.
Command: Bearish confirmation is in — trade the weakness, not the hope!
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