$INIT - Downtrend Forming, Bearish Signal 📉

A clear downtrend is currently forming for $INIT, indicating a strong bearish signal across key timeframes. This analysis suggests a potential move lower in the short term.

Consider a Short position for $INIT:
Entry: 0.0968 - 0.0978
SL: 0.102
TP: 0.093 - 0.09 - 0.085

Technical analysis on the H1 and M15 charts reveals strong bearish momentum. Selling pressure is actively increasing, with bears gradually gaining dominance in the market. Traders should exercise caution.

#INIT #INITUSDT #RIVER