$INIT REJECTS RESISTANCE – SHORT BIAS CONFIRMED ⚡
Entry: $0.0565 - $0.0570 🔥
Target: $0.0550 / $0.0535 / $0.0520 🚀
Stop Loss: $0.0585 ⚠️
Price rejected the $0.0585 swing high with a clear wick on the 15-minute chart. Volume is increasing on the sell side, and the order flow shows aggressive short entries at the ask. This structure mirrors the breakdown from last week, where a similar rejection led to a 4% drop within hours.
The first target at $0.0550 is a prior demand zone, now likely to flip into resistance. Are you shorting here or waiting for a retest of the entry range?
Not financial advice. Always manage your risk.
#INIT #ShortSetup #Breakdown #Crypto #RiskManagement
⚡
Entry: $0.0565 - $0.0570 🔥
Target: $0.0550 / $0.0535 / $0.0520 🚀
Stop Loss: $0.0585 ⚠️
Price rejected the $0.0585 swing high with a clear wick on the 15-minute chart. Volume is increasing on the sell side, and the order flow shows aggressive short entries at the ask. This structure mirrors the breakdown from last week, where a similar rejection led to a 4% drop within hours.
The first target at $0.0550 is a prior demand zone, now likely to flip into resistance. Are you shorting here or waiting for a retest of the entry range?
Not financial advice. Always manage your risk.
#INIT #ShortSetup #Breakdown #Crypto #RiskManagement
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