$INIT – Is Another Breakdown Coming After This Heavy Sell-Off?
Trade Setup: Short
Entry Zone: 0.11500 – 0.12000 Tp1: 0.11151 Tp2: 0.11037 Tp3: 0.10600 SL: 0.12550
#INIT is showing strong bearish pressure after dropping nearly 24%, with sellers firmly in control. If price fails to reclaim the 0.12000 resistance zone, another move toward lower support levels is possible. Avoid chasing the breakdown and wait for a relief bounce or bearish confirmation.
Trade Here On $INIT 👇.
Trade Setup: Short
Entry Zone: 0.11500 – 0.12000 Tp1: 0.11151 Tp2: 0.11037 Tp3: 0.10600 SL: 0.12550
#INIT is showing strong bearish pressure after dropping nearly 24%, with sellers firmly in control. If price fails to reclaim the 0.12000 resistance zone, another move toward lower support levels is possible. Avoid chasing the breakdown and wait for a relief bounce or bearish confirmation.
Trade Here On $INIT 👇.
