$INIT
USDT BEARISH FREEFALL – SELLERS CRUSHING SUPPORT LEVELS 🔻
INITUSDT is experiencing aggressive selling pressure, down 10.38% today, currently trading at 0.3989. Failure to hold above previous support levels indicates a potential deeper drop if momentum continues.
🔑 Key Levels:
Resistance: 0.4043 – 0.4160
Support: 0.3643 – 0.3644
Current Price: 0.3989
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🔻 Trade Setup (Short):
Entry: 0.3985 – 0.4040
Take Profit (TP): 0.3643
Stop Loss (SL): 0.4165
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📉 Market Outlook:
INITUSDT has formed consecutive bearish candles, breaking key intraday support zones and heading towards the next major support near 0.3643. As long as price remains under 0.4160, the bearish trend remains intact. Sellers are dominating, with no reversal confirmation yet.
⚠️ Risk Management:
Trade with strict discipline, risking 1-2% of your capital per trade. Always use SL to avoid unexpected market reversals. Wait for a candle closure below 0.4000 to confirm bearish continuation before entering.
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buy and trade here on $INIT