$INIT is showing a possible bearish pullback after a sharp rally toward $0.12500 faced strong selling pressure.
The upper wick signals seller reaction, and losing $0.1180 could increase downside pressure. Avoid chasing either direction.
EP: $0.1178–$0.1190
TP1: $0.1148
TP2: $0.1120
TP3: $0.1090
SL: $0.1210
The recent rejection suggests profit-taking near resistance. Wait for confirmation before entering short; a sustained move above $0.1210 invalidates this setup.
Let's go Trade now $INIT
The upper wick signals seller reaction, and losing $0.1180 could increase downside pressure. Avoid chasing either direction.
EP: $0.1178–$0.1190
TP1: $0.1148
TP2: $0.1120
TP3: $0.1090
SL: $0.1210
The recent rejection suggests profit-taking near resistance. Wait for confirmation before entering short; a sustained move above $0.1210 invalidates this setup.
Let's go Trade now $INIT
