New Short Setup: $INIT is Overextended 🚨

I am entering a short on $INIT. The recent spike looks stretched, and sellers are already starting to lean into this strength.

The Trade Plan:

Entry Zone: 0.114 – 0.12

Stop Loss: 0.127

Targets: 0.108 ➡️ 0.0995 ➡️ 0.0910

Why?

The pushes higher aren't holding. Every time it pumps, it gets faded immediately. The flow feels heavy, and buyers don't look comfortable defending these gains.

I expect a flush down to 0.0910. 👇

INIT
INITUSDT
0.10126
-7.36%

#initusdt #TradingSignals #CryptoShort #bearish #BinanceSquare