$INIT /USDT BEARISH — REJECTION RISK BELOW KEY RESISTANCE ⚠️📉
Current Price: $0.10247
24H Change: +13.75%
INIT is showing short-term weakness after failing to hold above the 15M Supertrend at $0.10600. Price is near the AVL at $0.10183, making this level critical for the next move. A break below support could accelerate the pullback. 📊
🔑 KEY LEVELS
🟢 Support: $0.10183 → $0.09882 → $0.09793
🔴 Resistance: $0.10575 → $0.10966 → $0.11357
📉 SHORT TRADE SETUP
Entry: $0.10550–$0.10900
🎯 TP1: $0.10183
🎯 TP2: $0.09882
🎯 TP3: $0.09793
🛑 SL: $0.11370
A rejection from $0.10575–$0.10966 could send INIT toward $0.10183 and $0.09882. However, a confirmed 15M breakout above $0.10966 would invalidate the bearish setup and shift momentum back toward the upside. ⚡
🛡️ RISK MANAGEMENT
Use confirmation before entering, keep position size controlled, avoid excessive leverage, and always respect the stop-loss.
#EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #USJobOpeningsFallToFiveMonthLow #BitgetHackerFailsToMoveStolenFunds
$INIT
Current Price: $0.10247
24H Change: +13.75%
INIT is showing short-term weakness after failing to hold above the 15M Supertrend at $0.10600. Price is near the AVL at $0.10183, making this level critical for the next move. A break below support could accelerate the pullback. 📊
🔑 KEY LEVELS
🟢 Support: $0.10183 → $0.09882 → $0.09793
🔴 Resistance: $0.10575 → $0.10966 → $0.11357
📉 SHORT TRADE SETUP
Entry: $0.10550–$0.10900
🎯 TP1: $0.10183
🎯 TP2: $0.09882
🎯 TP3: $0.09793
🛑 SL: $0.11370
A rejection from $0.10575–$0.10966 could send INIT toward $0.10183 and $0.09882. However, a confirmed 15M breakout above $0.10966 would invalidate the bearish setup and shift momentum back toward the upside. ⚡
🛡️ RISK MANAGEMENT
Use confirmation before entering, keep position size controlled, avoid excessive leverage, and always respect the stop-loss.
#EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #USJobOpeningsFallToFiveMonthLow #BitgetHackerFailsToMoveStolenFunds
$INIT
