$INIT /USDT – BEARISH PRESSURE GROWING, FURTHER DROP POSSIBLE IF SUPPORT BREAKS!
Current Price: $0.5246
24h Range: $0.5153 – $0.5540
Market Trend: Bearish
24h Change: -3.05%
Volume: 11.75M INIT / 6.28M USDT
Key Technical Levels:
Immediate Resistance: $0.5400
Major Resistance Zone: $0.5550
Immediate Support: $0.5150
Major Support Zone: $0.5000
Current Price: $0.5246
$INIT /USDT is showing continued bearish momentum, with a sharp -24.31% weekly decline and over -53% down in the past 30 days. Price has been consistently rejected from the $0.5500 zone and is now testing critical support around $0.5150. A break below this could open the path toward the $0.5000 psychological level or even lower.
Trade Setup (Short):
Entry: $0.5240 – $0.5280
Take Profit (TP1): $0.5150
Take Profit (TP2): $0.5000
Stop Loss (SL): $0.5405
Risk-Reward Ratio: ~2:1
The setup favors continuation of the downtrend with a clean structure for shorting near resistance.
Market Outlook:
The price remains under consistent sell pressure with no strong reversal signals. Volume is high, but mostly dominated by sellers. INIT needs a strong push above $0.5550 to even consider a trend reversal. Until then, rallies are likely to be sold into.
Risk Management Tip:
Only short with clear invalidation (SL above resistance). Never risk more than 1–2% of your capital per trade. Stick to your plan and avoid revenge trading after losses.
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