$INIT Bulls Are Losing Crucial Support
Short $INIT (DCA Entries)
EP1: 0.2000 – 40%
EP2: 0.2110 – 30%
EP3: 0.2200 – 30%
SL: 0.2500
TP1: 0.1900
TP2: 0.1850
TP3: 0.1750
TP4: 0.1600
Why:
$INIT is showing bearish momentum after rejection from the 0.2340 region. Price is below MA7 (0.21595), while MACD has turned negative. Selling volume is increasing, suggesting a possible deeper correction. MA25 at 0.19219 is the key support to watch. A breakdown below 0.1920 could accelerate selling pressure.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
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#Altcoin Season# #Macro Insights#
Short $INIT (DCA Entries)
EP1: 0.2000 – 40%
EP2: 0.2110 – 30%
EP3: 0.2200 – 30%
SL: 0.2500
TP1: 0.1900
TP2: 0.1850
TP3: 0.1750
TP4: 0.1600
Why:
$INIT is showing bearish momentum after rejection from the 0.2340 region. Price is below MA7 (0.21595), while MACD has turned negative. Selling volume is increasing, suggesting a possible deeper correction. MA25 at 0.19219 is the key support to watch. A breakdown below 0.1920 could accelerate selling pressure.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
📩DM ME ON X TO KNOW HOW TO JOIN MY PREMIUM FOR HIGHLY PROFITABLE TRADE SETUPS LIKE THIS
#Altcoin Season# #Macro Insights#
