🔻 $INIT REJECTED AT HEAVY RESISTANCE AS SELLERS FORCE A RETRACE! 📉
Entry: 0.0670 - 0.0685 ⚡
Target: 0.0600 🎯
Stop Loss: 0.0715 ⚠️
After an impressive push from the 0.0500 floor, $INIT slammed directly into a wall of sell orders around 0.0700–0.0720. Buyers ran out of fuel trying to defend the breakout, leaving a clean rejection wick on the supply zone. 📊
The roll-over back toward 0.0670 signals smart money is locking in profits and flipping momentum for a deeper correction down toward lower liquidity blocks. 🔍 As long as bulls fail to reclaim the 0.0715 pivot, downside pressure remains firmly in charge. 📉
💬 Are you positioning for the short retrace or waiting to catch a bid lower down? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #INIT #ShortSetup #CryptoTrading #TechnicalAnalysis
🔻 🐻
Entry: 0.0670 - 0.0685 ⚡
Target: 0.0600 🎯
Stop Loss: 0.0715 ⚠️
After an impressive push from the 0.0500 floor, $INIT slammed directly into a wall of sell orders around 0.0700–0.0720. Buyers ran out of fuel trying to defend the breakout, leaving a clean rejection wick on the supply zone. 📊
The roll-over back toward 0.0670 signals smart money is locking in profits and flipping momentum for a deeper correction down toward lower liquidity blocks. 🔍 As long as bulls fail to reclaim the 0.0715 pivot, downside pressure remains firmly in charge. 📉
💬 Are you positioning for the short retrace or waiting to catch a bid lower down? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #INIT #ShortSetup #CryptoTrading #TechnicalAnalysis
🔻 🐻
