$INIT /USDT Bull run alert 🔥💯

BEARISH PULLBACK IN FULL SWING — MOMENTUM STALLS AFTER SHARP SPIKE

$INIT is down 3.91% and trading at $0.9296 after a sharp rejection from the $1.1029 high. The price has steadily declined, forming a lower high structure, with current SAR resistance at $0.9584 pressing downward. Despite a temporary bounce from the local support at $0.9156, bearish pressure remains dominant unless buyers reclaim above $0.95.

Trade Setup: (Short)

Entry: $0.9340 – $0.9450

Take Profit (TP): $0.9100 / $0.8850

Stop Loss (SL): $0.9650

Market Outlook:

The recent surge was met with heavy profit-taking, and the continued lower highs suggest sellers are in control. Caution is advised on long positions until price structure changes above $0.9580. For now, the bias leans bearish with room to test deeper support.

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