$INIT PRESSURE MOUNTING, BEARS IN CONTROL FOR NOW!
$INIT/USDT is currently trading at $0.9521, slipping after failing to hold above the $0.9600 range. Price action is weak, with repeated rejections and a bearish tilt gaining traction.
Key Price Zones:
Resistance: $0.9600
Breakout recovery could push to:
TP1: $0.9750
TP2: $0.9850
Support: $0.9500
Breakdown could trigger a slide toward:
TP1: $0.9360
TP2: $0.9200
Trade Setup:
Bearish Entry: Below $0.9500 with high volume
Bullish Reclaim Entry: Above $0.9600 on strong bounce
Stop-Loss: Outside critical breakout/breakdown zones
$INIT is under heavy sell pressure—wait for a volume-driven move before taking positions.