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
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
