🔴 INITUSDT — FUTURES SHORT (awaiting retest)
$INIT
Entry Zone: $0.195 – $0.205
Stop Loss: $0.2105
TP1: $0.182
TP2: $0.169
TP3: $0.147
R:R: 1:1.71 (TP1) | 1:2.95 (TP2) | 1:5.05 (TP3)
TF: 4H
INIT ran up more than 50% in a day on a near-vertical spike, then hit the same $0.205–$0.207 ceiling four times in two hours — and every time sellers pushed it back down. It has already dropped to $0.179 from that ceiling. I am not chasing that fall; I am waiting for a bounce back into the ceiling zone.
Why I like this one: a level tested four times and rejected four times is a real resistance, not a random wick. The spike came on huge volume and the rejection came with lower highs forming. If price comes back to $0.195–$0.205 and rejects again, the first target is $0.182, then $0.169, then $0.147.
Invalidation: a 1H close above $0.210 kills this idea — that would mean buyers finally broke the ceiling. No trade until the retest zone is touched.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think INIT will retest $0.20 and reject it, or break above $0.21 first? Comment SHORT or LONG.
#INIT #INITUSDT #CryptoTrading #BinanceFutures
$INIT
Entry Zone: $0.195 – $0.205
Stop Loss: $0.2105
TP1: $0.182
TP2: $0.169
TP3: $0.147
R:R: 1:1.71 (TP1) | 1:2.95 (TP2) | 1:5.05 (TP3)
TF: 4H
INIT ran up more than 50% in a day on a near-vertical spike, then hit the same $0.205–$0.207 ceiling four times in two hours — and every time sellers pushed it back down. It has already dropped to $0.179 from that ceiling. I am not chasing that fall; I am waiting for a bounce back into the ceiling zone.
Why I like this one: a level tested four times and rejected four times is a real resistance, not a random wick. The spike came on huge volume and the rejection came with lower highs forming. If price comes back to $0.195–$0.205 and rejects again, the first target is $0.182, then $0.169, then $0.147.
Invalidation: a 1H close above $0.210 kills this idea — that would mean buyers finally broke the ceiling. No trade until the retest zone is touched.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think INIT will retest $0.20 and reject it, or break above $0.21 first? Comment SHORT or LONG.
#INIT #INITUSDT #CryptoTrading #BinanceFutures
