**$INIT BIG SHORT**
The selloff is accelerating — sellers are pressing price into fresh lows.
Price is down over 20% on the day and sitting right on its 24h low near 0.095, with RSI at 27.1 showing heavy selling. A bounce back above 0.0992 would break the momentum, while a break below 0.095 opens the next leg down.
$INIT — SHORT Setup
Entry: 0.0950 – 0.0962
Stop Loss: 0.0992
TP1: 0.0930
TP2: 0.0905
TP3: 0.0880
Risk: RSI is oversold, so a sharp bounce is possible — if price reclaims 0.0992 the setup is wrong.
Is $INIT heading to 0.0880 next?
Not financial advice. DYOR.
#Altcoin s #cryptotrading #crypto #trading #CryptoNews
The selloff is accelerating — sellers are pressing price into fresh lows.
Price is down over 20% on the day and sitting right on its 24h low near 0.095, with RSI at 27.1 showing heavy selling. A bounce back above 0.0992 would break the momentum, while a break below 0.095 opens the next leg down.
$INIT — SHORT Setup
Entry: 0.0950 – 0.0962
Stop Loss: 0.0992
TP1: 0.0930
TP2: 0.0905
TP3: 0.0880
Risk: RSI is oversold, so a sharp bounce is possible — if price reclaims 0.0992 the setup is wrong.
Is $INIT heading to 0.0880 next?
Not financial advice. DYOR.
#Altcoin s #cryptotrading #crypto #trading #CryptoNews