I think you meant "short and trade" instead of "buy and trade" since the context is about shorting $INIT . Here's the paraphrased version:
$INIT plummets from $0.9857 to $0.5739, breaking key support levels with consistent red candles, indicating bears are in control. Here's a potential short trade setup:
- *Entry Zone:* $0.5780 – $0.5850
- *Target Prices:*
- TP1: $0.5250
- TP2: $0.4720
- TP3: $0.4150
- *Stop-Loss:* Above $0.6210
With no signs of buyer defense, the price might unravel quickly. Monitor closely before entering the trade.