$INIT /USDT short trade signal 🚦🛑
BEARISH BREAKDOWN FROM LOWER HIGH STRUCTURE — DOWNSIDE LIKELY TO CONTINUE!
$INIT has broken down sharply after failing to sustain above the 1.1512 high. Strong selling pressure has pushed price below the 1.0650 intraday support zone, forming a new lower low near 1.0106. The structure confirms bearish control, and unless price reclaims 1.0750, more downside is expected.
Trade Setup:
Entry: 1.0620 – 1.0650
Take Profit (TP): 1.0350 / 1.0100
Stop Loss (SL): 1.0780
Market Outlook:
The momentum has shifted firmly in favor of sellers, with bearish candles dominating the 30-min chart. Watch for a potential retest of 1.0650 that could offer another short opportunity before continuation toward the 1.0100 zone.
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