$INIT /USDT short trade signal 🚦 🛑
BEARISH COOL-DOWN AFTER SHARP SPIKE — WATCH FOR RETEST OF SUPPORT!
$INIT surged to $1.1029 but is now pulling back, currently hovering around $0.9816. The drop from the top has been steep with momentum fading fast. StochRSI is deeply oversold, but no clear reversal yet, hinting at a possible continuation toward lower support around $0.95.
Trade Setup (Short Idea):
• Entry Zone: $0.9850 – $0.9900
• Take-Profit (TP): $0.9550 / $0.9300
• Stop-Loss (SL): $1.0200
Market Outlook: After a strong pump, $INIT is experiencing a natural correction phase. Bearish candles and low stochastic readings point to a retest of previous demand zones. Good opportunity for quick downside play before bulls regroup.
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