$INIT /USDT – BEARISH PRESSURE BUILDING! ⚠️📉

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🔍 TECHNICAL ANALYSIS

$INIT /USDT is trading at $0.5332 (-7.89%), slipping below key short-term averages with increasing sell volume — a bearish continuation pattern is developing.

📊 KEY LEVELS

Resistance Levels:

🔼 $0.5470 – MA(99) and trend resistance

🔼 $0.5540 – Local high and rejection point

🔼 $0.5820 – 24h high (major resistance)

Support Levels:

🔽 $0.5239 – Daily low and immediate support

🔽 $0.5210 – Key horizontal support

🔽 $0.5000 – Psychological round number

📉 MOVING AVERAGES

MA(7): $0.5379

MA(25): $0.5364

MA(99): $0.5470

Price now trades below all key MAs, confirming bearish dominance.

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📌 TRADE SETUP: SHORT ENTRY IDEA

💥 Entry: $0.5340 - $0.5380 (on weak bounce or rejection at MA)

🎯 Take Profit Targets:

TP1: $0.5240

TP2: $0.5100

TP3: $0.5000

🛑 Stop Loss: $0.5500 (above MA(99) and last high)

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📉 RISK MANAGEMENT 🔐

✅ Risk 1-2% of your total portfolio

✅ Use tight SL, avoid overexposure

✅ Monitor BTC for macro sentiment alignment

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🔻 Momentum favors bears, and breakdown below $0.5240 may trigger further downside. Stay disciplined & trade with edge!

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