$INIT
USDT ā BEARISH BREAKDOWN CONTINUES, SELLERS IN CONTROL š»
$INITUSDT remains under heavy selling pressure with no signs of reversal yet. The current price is $0.3457, marking a strong downtrend continuation on the hourly chart.
š Key Levels:
Resistance: $0.3690 ā major rejection zone
Support: $0.3370 ā immediate downside target
Current Price: $0.3457
šÆ Trade Setup:
SHORT ENTRY:
Entry Zone: $0.3470 ā $0.3500
Take Profit 1: $0.3400
Take Profit 2: $0.3370
Stop Loss: $0.3550
š Market Outlook:
The market is forming consistent lower highs and lower lows, with strong bearish candles confirming trend continuation. Unless buyers step in above $0.3550 resistance, downside momentum is likely to continue towards $0.3370 support in the short term.
ā ļø Risk Management:
Always trade with a clear stop loss to protect your capital. Limit position size to 1-2% risk per trade. Follow strict entry confirmation near resistance to avoid false entries in oversold markets.
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