🚨 $INIT – EXTREME PUMP! SELL PRESSURE AHEAD?
$INIT has witnessed a massive rally, surging approximately 86% in the last 24 hours and reaching a high of $0.30298.
After such a powerful move, traders should be careful. Early buyers may start booking profits, which could create strong selling pressure.
📉 Potential SELL Setup:
- Resistance: $0.300 – $0.303
- Entry Zone: $0.284 – $0.295 (only after bearish confirmation)
- Target 1: $0.272
- Target 2: $0.250
- Target 3: $0.232
- Stop Loss: Above $0.303
⚠️ My View: Buying after such a massive pump can be risky. If INIT fails to hold its support and selling volume increases, a deeper correction could follow.
Don't FOMO. Wait for confirmation, manage your risk, and trade smart.
#INIT #INITUSDT #Binance #CryptoTrading #SellSignal
$INIT has witnessed a massive rally, surging approximately 86% in the last 24 hours and reaching a high of $0.30298.
After such a powerful move, traders should be careful. Early buyers may start booking profits, which could create strong selling pressure.
📉 Potential SELL Setup:
- Resistance: $0.300 – $0.303
- Entry Zone: $0.284 – $0.295 (only after bearish confirmation)
- Target 1: $0.272
- Target 2: $0.250
- Target 3: $0.232
- Stop Loss: Above $0.303
⚠️ My View: Buying after such a massive pump can be risky. If INIT fails to hold its support and selling volume increases, a deeper correction could follow.
Don't FOMO. Wait for confirmation, manage your risk, and trade smart.
#INIT #INITUSDT #Binance #CryptoTrading #SellSignal
