📉 $INIT : The Exhaustion is Real | Short Setup 📉
The recent $INIT spike is hitting a brick wall. We are seeing classic post-spike exhaustion as supply re-enters the market. While the initial pump was aggressive, the follow-through is non-existent.
The Technical Breakdown:
Absorption: Every attempt to push higher is being met with heavy sell orders. Sellers are clearly leaning into this strength.
Momentum Shift: Downside moves are becoming fluid and fast, while rebounds are looking shaky and hesitant. This is a textbook distribution phase after a vertical move.
Risk/Reward: With a tight invalidation level at 0.127, the path of least resistance points toward the lower targets.
🎯 The Trade Plan (Short)
Entry Zone: 0.115 – 0.117
Stop-Loss: 0.127 (Stay disciplined!)
Target 1: 0.1080
Target 2: 0.0995
Target 3: 0.0910
Pro Tip: Watch for 0.127. As long as that level holds, the bears are in control of the narrative.
#TradingSignals #CryptoAnalysis
Trade $INIT here 👇
