$INIT

Friends, the chart is in front of us: After a sharp 15% drop, INIT is now attempting to form a short-term bottom around $0.134 after testing the support zone at $0.132.

The price is showing clear pressure through small candles – a classic sign that selling momentum is losing strength, and bears are unloading their last orders before execution.

If buyers can hold above $0.136, a bounce is expected towards $0.140 and then $0.145.

However, any break below $0.132 will invalidate the setup and open the door for further declines.

Targets:

TP1: $0.140

TP2: $0.145

TP3: $0.150

Stop Loss: $0.131

Conclusion:

Watch $0.136 on the 15-minute timeframe – a strong close above it = an immediate buy entry.

Below it = stay out.

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