🔴 $INIT LOSING MOMENTUM AS SELLERS CAP THE RECENT BOUNCE HARD ⚠️
Entry: 0.108783-0.111117 ⚡
Target: 0.105281 🎯
Stop Loss: 0.119289 🛑
Buyers are running out of steam as overhead resistance at 0.122590 firmly rejects every relief attempt. Price action looks heavy and distribution is creeping in across the order books. 📊
Momentum oscillators are rolling over on the lower timeframes, signaling that sellers are ready to test the 0.108520 floor. 📉 Managing risk tightly against the invalidation level is non-negotiable here. 💡
Are you fading this relief bounce or waiting for a clean break below support? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #INIT #ShortSetup #CryptoTrading #MarketAnalysis
🔴 📉
Entry: 0.108783-0.111117 ⚡
Target: 0.105281 🎯
Stop Loss: 0.119289 🛑
Buyers are running out of steam as overhead resistance at 0.122590 firmly rejects every relief attempt. Price action looks heavy and distribution is creeping in across the order books. 📊
Momentum oscillators are rolling over on the lower timeframes, signaling that sellers are ready to test the 0.108520 floor. 📉 Managing risk tightly against the invalidation level is non-negotiable here. 💡
Are you fading this relief bounce or waiting for a clean break below support? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #INIT #ShortSetup #CryptoTrading #MarketAnalysis
🔴 📉
