$INIT took a beating, dropping from a high of $0.8445 down to a low of $0.6571, slashing nearly -19% in a single day. It's now hovering weakly around $0.6742, struggling to regain momentum as sellers still control over 52% of the book.

$INIT Short Trade Setup:

Entry Zone: $0.6800 – $0.6900 (sell into weak bounces)

First Target (TP1): $0.6500

Second Target (TP2): $0.6200

Stop-Loss: Above $0.7050 to limit risk

Unless $INIT reclaims $0.7000 quickly, pressure could drag it down toward $0.6500 first, and possibly $0.6200 later. Weak buyers, strong sellers the trend favors shorts right now!