$INIT USDT – BEARISH STRUCTURE CONFIRMED! MORE DOWNSIDE LIKELY?

• REJECTED FROM LOWER HIGH ZONE

• STRUGGLING TO HOLD ABOVE LOCAL SUPPORT

$INIT USDT has broken down from its recent bounce attempt, failing to reclaim key resistance near $0.5086. The price dropped to a fresh low at $0.4553 before a weak bounce, signaling potential for continued downside.

Trade Setup:

Short Entry: $0.4740 – $0.4780

TP 1: $0.4550

TP 2: $0.4370

Stop Loss: $0.4860

Market sentiment is weak, and volume shows declining bullish pressure. As long as the price remains under $0.48, bears are in control.

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