$INIT .. BEARISH BREAKDOWN, SELLERS ARE IN CONTROL!
INIT is facing aggressive selling pressure on the 4H chart after losing its previous support structure. The price has dropped nearly 23% in 24 hours, and the current structure still favors downside continuation. A weak recovery could provide another short opportunity.
SHORT TRADE SETUP
Entry: $0.1440–$0.1480
TP: $0.1300
SL: $0.1530
INIT is facing aggressive selling pressure on the 4H chart after losing its previous support structure. The price has dropped nearly 23% in 24 hours, and the current structure still favors downside continuation. A weak recovery could provide another short opportunity.
SHORT TRADE SETUP
Entry: $0.1440–$0.1480
TP: $0.1300
SL: $0.1530
