🔴 $INIT – SHORT POSITION PREFERRED
INIT is in the sellers’ crosshairs. I prefer to look for SHORT opportunities when the price rebounds to the resistance zone, with progressively lower targets down to 0.18.
Trading plan:
⟶ Entry: 0.20700 – 0.21700
⛔ Stop Loss: 0.23165
• TP1: 0.20000
• TP2: 0.19000
• TP3: 0.18000
Prefer to take profits in stages and manage capital carefully. Don’t FOMO if the price has already moved past the entry zone!
INIT is in the sellers’ crosshairs. I prefer to look for SHORT opportunities when the price rebounds to the resistance zone, with progressively lower targets down to 0.18.
Trading plan:
⟶ Entry: 0.20700 – 0.21700
⛔ Stop Loss: 0.23165
• TP1: 0.20000
• TP2: 0.19000
• TP3: 0.18000
Prefer to take profits in stages and manage capital carefully. Don’t FOMO if the price has already moved past the entry zone!
