$INIT /USDT BEARISH BREAKDOWN – STRONG SELL PRESSURE AFTER DOUBLE REJECTION
$INIT has failed to hold above the key resistance zone around 0.9162 and faced back-to-back rejections. The price broke down with strong bearish candles, forming a clean downtrend channel. With current price at 0.8672, bears are in control and eyeing deeper support levels.
Trade Setup (Short):
Entry: 0.9162
Take Profit (TP): 0.8561
Stop Loss (SL): 0.9342
Market Outlook:
INIT is currently sitting just above minor support. If it closes below the 0.8600 zone, further downside toward 0.8400 or lower could follow. Volume confirms the bearish intent, and no bullish reversal signs are visible yet.
Risk Management Tip:
Always position size wisely and stick to the defined stop-loss — revenge trading has no place in disciplined setups.
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