$INIT /USDT – SHORT TRADE SIGNAL🔴

Lower High Confirmed 📉

Rejection Near Resistance Zone 🔻

$INIT faced rejection at $0.4575 after a short bounce, forming a lower high beneath the key resistance at $0.4650. Price action shows consistent selling pressure from the $0.4780–$0.4650 zone, with strong wicks signaling a lack of bullish follow-through. If $0.4490 breaks, downside momentum may accelerate toward the support zone around $0.4440 and below.

🔻 Short Trade Setup:

• Entry Point: $0.4550 – $0.4570

• Stop Loss: $0.4660

• Take Profit 1: $0.4490

• Take Profit 2: $0.4440

• Take Profit 3: $0.4375

• Margin: 2–3% of wallet

• Leverage: 10x

Market Outlook: Price is in a corrective phase with lower highs forming. Watch for a confirmed breakdown below $0.4490 to signal further weakness.

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