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$INIT is showing a clean rejection after a sharp spike and this looks like a classic trap before downside continuation...🚀🔥

Entry Range: 0.0955 – 0.0968

Stop Loss: 0.0985

Targets:

TP1: 0.0930

TP2: 0.0910

TP3: 0.0890

After a strong impulsive move up, price pushed into resistance and immediately showed rejection with wicks on top. This kind of move usually signals exhaustion where late buyers get trapped. Instead of continuation, price is now likely to rotate back down to fill inefficiency left below.

The structure shows a quick expansion followed by weakness, and if sellers step in properly, we should see a smooth move back toward previous support zones. Patience is key here, don’t chase entries in the middle, wait for the defined zone.

Invalidation: If price sustains above 0.0985, this setup is no longer valid and momentum may shift bullish.