$INIT Overbought Pullback (Short Sell)
Timeframe: 4 hours
Entry Zone: 0.1289 – 0.1248 🔴
👉 Short within the entry zone or on a weak pullback.
Target Price:
🎯 0.1201
🎯 0.1162
🎯 0.1105
Stop Loss: 0.1321 🛑
Price is extremely overbought, with the RSI near saturation. Reversal signals near recent highs suggest a potential pullback to the support zone below the EMA.
Risk Management: This setting is ineffective if the price closes above the stop loss. Please use controlled leverage.
Disclaimer: Trading involves risk. Please manage your positions carefully.
#INIT #TradeCryptosOnX #MarketRebound #MEME $INIT
{future}(INITUSDT)