Owning this $INIT one. It didn't work. I went short into th

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Owning this $INIT one. It didn't work.

I went short into the 0.1081 to 0.1095 zone and price barely moved my way, best it gave was 0.63 percent when TP1 needed 5.64. The stop at 0.119066 got hit and it closed beyond it, so that's 8.9 percent gone. The reaction at the zone was weak and I should've waited for a reaction candle at the level before entering.

NFA, DYOR.

Current snapshot · Last 0.1140200 · PnL -162.07 USDT · ROI -107.21%

509 Jony Dong

弱気相場

Short $INIT into 0.1081–0.1095 on the 4H.

Sellers need to hold this one. A close above 0.119 and I drop the idea. Until then I'd rather wait than chase.

SHORT zone 0.1081–0.1095 | targets 0.1027, 0.0986, 0.0924 | stop 0.1191

4H price 0.109 sits below EMA50 0.152, the trend is on this side. Stop 9.5% away against TP3 15.1%, roughly 1.6R to the last target. BTC is bearish on the short term, same side as this one.

NFA · DYOR

INIT-11.27%