🚨 $INIT SELLERS DEFEND 0.0690 — SHORT STRUCTURE WATCH 🐻
Entry: 0.06820 – 0.06900 ⚡
Target: 0.06750 / 0.06680 / 0.06610 🚀
Stop Loss: 0.07030 ⚠️
📌 $INIT is rejecting the 0.0690–0.0700 supply band after a lower-timeframe bounce, suggesting sellers still control the marginal bid. 🦈 Weak candle closes and fading momentum often precede a liquidity hunt toward the next demand shelf.
A clean break below the current pivot could expose 0.06750, then 0.06680 and 0.06610, while a reclaim above 0.07030 invalidates the short thesis. 📊 This is a structure-first trade: wait for confirmation, not anticipation. 💬 Are you shorting the rejection now or waiting for a deeper sweep before entry?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #INIT #ShortSetup #Bearish #TechnicalAnalysis #Crypto
🐻 🎯
Entry: 0.06820 – 0.06900 ⚡
Target: 0.06750 / 0.06680 / 0.06610 🚀
Stop Loss: 0.07030 ⚠️
📌 $INIT is rejecting the 0.0690–0.0700 supply band after a lower-timeframe bounce, suggesting sellers still control the marginal bid. 🦈 Weak candle closes and fading momentum often precede a liquidity hunt toward the next demand shelf.
A clean break below the current pivot could expose 0.06750, then 0.06680 and 0.06610, while a reclaim above 0.07030 invalidates the short thesis. 📊 This is a structure-first trade: wait for confirmation, not anticipation. 💬 Are you shorting the rejection now or waiting for a deeper sweep before entry?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #INIT #ShortSetup #Bearish #TechnicalAnalysis #Crypto
🐻 🎯
