📉 $INIT – Clear Breakdown After Structural Shift

Current Price: $0.3572 (–3.72%)

— Market Structure Shift: A Break of Structure (BOS) occurred after forming Equal Highs (EQH) and Equal Lows (EQL), confirming distribution at the top.

— Price rejected from $0.4964 and has since dropped over 27%, showing aggressive bearish momentum.

— Attempts to reclaim the $0.42–$0.43 supply zone were rejected cleanly — confirming it as fresh resistance.

— Bias: Bearish

This breakdown reflects a shift in control from buyers to sellers. Until price reclaims the BOS zone, the trend remains down.

— Next Key Levels:

 • Support: $0.3400 (watch for reaction here)

 • Further downside could open up toward $0.31–$0.32 if this level breaks

— Stop Loss (Invalidation): Above $0.4210

— Target Zones:

 • TP1: $0.3450

 • TP2: $0.3180

Until market structure changes, rallies are likely to be shorted.

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