$INIT /USDT BEARISH REVERSAL — LAYER 1 TOKEN DROPS SHARPLY FROM HIGHS!
$INIT has dropped over -15% today, breaking down from the $0.8800 zone and now trading near $0.742. The price failed to hold above the $0.7600 minor support and is now testing the lower range. Without a quick reclaim above $0.7600, bears are likely to take it further down.
🔻 TRADE SETUP (SHORT):
Entry: 0.7430–0.7550
TP1: 0.7000
TP2: 0.6600
TP3: 0.6100
Stop Loss: 0.7750
Why Short?
Strong rejection from 0.8800 followed by lower highs and declining support levels shows sellers are gaining control. Volume spikes during the fall indicate conviction behind the move — perfect for a continuation short setup.
Risk Management Tip:
Wait for a clean retest of broken support before shorting. Entering after confirmation minimizes false entries.
Sell and trade here on INIT — trend favors the bold!
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
#INITUSDT #Layer1Token #BearishSetup #AltcoinSignal #CryptoTrading
