$INIT /USDC SHOWS WEAK RETEST AFTER REJECTION

REJECTED FROM $0.4573

FAILED TO HOLD ABOVE MA(25)

RETESTING BROKEN SUPPORT AS NEW RESISTANCE

$INIT /USDC surged but faced strong rejection at $0.4573 and has since broken below both MA(7) and MA(25). The current bounce looks corrective, not impulsive — indicating potential for another leg down.

🔴 Short Trade Setup:

Entry Zone: $0.4380 – $0.4410

Take Profit (TP): $0.4260

Stop Loss (SL): $0.4460

Market Outlook:

As long as price remains below $0.446, bears maintain short-term control. Eyes on MA(99) at $0.4223 as next target zone.

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