🎯 $INIT structure rejection confirms bearish bias.
INIT failed to reclaim its broken support zone. That level flipped into resistance, and price is now hesitating directly beneath it. The bounce attempt had no follow-through, and lower highs are forming — clear sign sellers are stepping back in.
Upside pushes are getting faded quickly. Downside moves are cleaner and more decisive. That shift in order flow tells me this range is acting like distribution, not accumulation.
As long as 0.118 holds as resistance, downside expansion remains the higher-probability path.
I’m positioning short within rejection.
SHORT: $INIT
Entry Zone
0.108 – 0.112
Stop Loss
0.118
Target Points
TP1: 0.102
TP2: 0.095
TP3: 0.088
Why this setup works
• Broken support flipped into resistance
• Lower highs forming beneath key level
• Weak recovery attempt with no momentum
• Clear invalidation above 0.118
• Clean downside liquidity below current range
I’m entering inside the rejection zone, not after breakdown. If structure continues to respect resistance and momentum stays heavy, rotation toward 0.095 and potentially 0.088 becomes aligned with trend continuation.
Defined risk. Clear structure. I’m trading the rejection, not guessing direction.
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