$INIT Pumped +40% in 24h, I'm looking for a short from 0.23137
🔴 Short setup
Sell: 0.23137
Stop: 0.24385
Target: 0.20641
INIT ran 60% off the low in about 42 hours and is on the gainers list with 40% on the day. It poked above 0.22644 by just 2.7% and rolled over. 0.20641 is still sitting there as the draw. Entry 0.23137 is simply where price stands now. Stop 0.24385, target 0.20641, reward about 2R. Small size, defined risk, move on if it fails.
#INIT #TradeSetup #Altcoins
🔴 Short setup
Sell: 0.23137
Stop: 0.24385
Target: 0.20641
INIT ran 60% off the low in about 42 hours and is on the gainers list with 40% on the day. It poked above 0.22644 by just 2.7% and rolled over. 0.20641 is still sitting there as the draw. Entry 0.23137 is simply where price stands now. Stop 0.24385, target 0.20641, reward about 2R. Small size, defined risk, move on if it fails.
#INIT #TradeSetup #Altcoins
