🌀 $INIT bounces hard off the low — straight into broken support
Initia spiked into a blow-off, crashed through the zone that was supposed to hold, and bounced hard off the low. The bounce is real, but it's running into the underside of the long-term average that was lost on the way down, and the trend that used to protect it is no longer intact. A spike, a crash and a lower-high bounce is the classic shape of a failed move. Sell the rally into that overhead resistance.$EVAA $TAC
SHORT
Entry: 0.1400
SL: 0.1550
TP1: 0.1150
TP2: 0.1050
TP3: 0.0930
Initia spiked into a blow-off, crashed through the zone that was supposed to hold, and bounced hard off the low. The bounce is real, but it's running into the underside of the long-term average that was lost on the way down, and the trend that used to protect it is no longer intact. A spike, a crash and a lower-high bounce is the classic shape of a failed move. Sell the rally into that overhead resistance.$EVAA $TAC
SHORT
Entry: 0.1400
SL: 0.1550
TP1: 0.1150
TP2: 0.1050
TP3: 0.0930
