$INIT SHORT SETUP ... BIG REJECTION AFTER A POWERFUL RALLY!
$INIT surged towards $0.13905 but faced strong rejection. Sellers are stepping in, and a pullback could be coming.
Short Setup
Entry: $0.13330 – $0.13500
TP1: $0.13000
TP2: $0.12500
Final Target: $0.12000
SL: $0.14000
As long as $0.13905 holds as resistance, I see a possible correction towards $0.12000.
Bulls still have strong momentum, so respect the stop loss and manage your risk.
Trade on $INIT
$INIT surged towards $0.13905 but faced strong rejection. Sellers are stepping in, and a pullback could be coming.
Short Setup
Entry: $0.13330 – $0.13500
TP1: $0.13000
TP2: $0.12500
Final Target: $0.12000
SL: $0.14000
As long as $0.13905 holds as resistance, I see a possible correction towards $0.12000.
Bulls still have strong momentum, so respect the stop loss and manage your risk.
Trade on $INIT
