$INIT USDT BEARISH REVERSAL SETUP ā TIME TO SHORT BEFORE THE DUMP
The chart shows $INITUSDT testing a strong resistance zone near 0.4964 ā 0.4967, where rejection has occurred. Current price is 0.4840, forming a possible lower high setup, indicating an imminent bearish reversal towards its key support.
š Key Levels:
Resistance: 0.4964 ā 0.4967
Support: 0.4221, 0.4171, major at 0.4166
Current Price: 0.4840
š Trade Setup (Short):
Entry: 0.4840 ā 0.4960 (confirmation under 0.4840 ideal)
Targets:
šÆ TP1: 0.4221
šÆ TP2: 0.4171
šÆ TP3: 0.4166
Stop Loss: 0.4967 (above resistance zone)
š Market Outlook:
INITUSDT shows clear exhaustion after a strong bullish rally with repeated rejection at resistance, suggesting sellers may take over for a retracement towards support levels.
ā ļø Risk Management:
Always use a strict SL at 0.4967 to protect capital. Risk only 1-2% of your equity per trade to remain disciplined and sustain consecutive losses if market volatility spikes.
buy and trade here on
$INIT #INITUSDT #CryptoTrading #ShortSetup #BearishSigna #RiskManagement