Danish Trader DT(@AlphaAsad9)'s insights

Post

--Bearish

$INIT – Watching for a Move Lower!

INIT is on my radar for a potential short opportunity. If sellers maintain pressure around the entry zone, price could move toward the lower targets.

SHORT SETUP

Entry: 0.20700 – 0.21700
SL: 0.23165
TP1: 0.20000
TP2: 0.19000
TP3: 0.18000

Wait for confirmation near the entry zone and manage your risk carefully.

Trade $INIT Here

Danish Trader DT

Bearish

$INIT – Rejected Again at Major Resistance!

INIT climbed to 0.2230 but failed to sustain the breakout. The 0.22–0.23 zone continues to act as strong resistance.

After rallying from 0.11709, selling pressure is now appearing near the highs.

If $0.23 remains unbroken, a correction toward 0.19–0.18 could follow, with 0.16 as a deeper downside target.

Bulls need a clean breakout above 0.23 to regain control.

For now, watch the resistance zone closely. The next move could be important for $INIT.

Trade $INIT Here

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INIT-19.61%