🔻 $INIT Bearish Pullback
Price is trading below MA7 after a sharp rejection from the recent high. Momentum has turned negative with red MACD histogram.
Trade Setup (Short)
Entry Zone: 0.210 – 0.225
Take Profit Targets:
TP1: 0.195
TP2: 0.175
TP3: 0.150
Stop Loss: 0.245
Sellers are stepping in under the short-term averages. Further downside is possible if it breaks the recent low with continued volume.
Disclaimer:This is not financial advice. Cryptocurrency trading involves high risk of loss. Always do your own research and trade responsibly at your own risk.
Sell and Trade $INIT
🔻
Price is trading below MA7 after a sharp rejection from the recent high. Momentum has turned negative with red MACD histogram.
Trade Setup (Short)
Entry Zone: 0.210 – 0.225
Take Profit Targets:
TP1: 0.195
TP2: 0.175
TP3: 0.150
Stop Loss: 0.245
Sellers are stepping in under the short-term averages. Further downside is possible if it breaks the recent low with continued volume.
Disclaimer:This is not financial advice. Cryptocurrency trading involves high risk of loss. Always do your own research and trade responsibly at your own risk.
Sell and Trade $INIT
🔻
