Initia/Tether

$INIT Bearish Setup on Resistance Rejection

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Analysis: INIT failed to break $0.85, forming a bearish pinbar on the 2H chart. The Stochastic RSI is dropping from overbought (85), and open interest is rising, indicating short pressure. Short at $0.84, targeting $0.80, with a stop-loss at $0.86.
Key Levels: Resistance: $0.85, $0.86 | Support: $0.80, $0.77
Indicators: Stochastic RSI (85), Pinbar Pattern

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