$INIT /USDT short trade signal 🚦 💯
BEARISH PRESSURE BUILDING — LOWER HIGHS INDICATE POTENTIAL BREAKDOWN!
$INIT is struggling to maintain its previous highs, with a clear pattern of lower highs and rejection wicks. After failing to reclaim $0.88, price has slid to $0.8616. This indicates sellers are gaining momentum and a breakdown could accelerate if $0.8550 support is breached.
Trade Setup (Short):
Entry: $0.8610 – $0.8630
Targets (TP): $0.8450 / $0.8300 / $0.8120
Stop Loss (SL): $0.8780
Market Outlook:
With declining volume on upward moves and repeated rejections near key levels, the bearish sentiment is building. If $INIT loses $0.8550 support, we could see a quick drop toward previous demand zones.
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