Indeed, it smashed down significantly, confirming my view before going to bed last night～
Overall Process Review
There were several consecutive attempts to break through the 0.68 resistance level, but each time, it failed to effectively break through and stabilize.
Each attempt at 0.68 was met with insufficient volume and a pattern of rising then falling back.
Although the trading volume increased, there was never a decisive breakout.
The upper shadows became more frequent, sentiment turned increasingly weak, and selling pressure intensified.
Before going to bed last night, I had already noted my judgment:
If it continues to fail to break through and the trading volume doesn't keep up, there is a high probability that it will induce buying near 0.68 before falling back.
The facts confirmed this deduction.
This afternoon, after INIT indeed failed to test 0.68,
it directly crashed down with a large volume bearish candle,
with the price rapidly falling from around 0.68 to about 0.63.
The trading volume significantly increased (1.56M).
The speed was extremely fast, with basically no proper rebound.
The area it fell to was exactly the support zone I had predicted (0.63-0.62).
The entire wave of movement was completed in a very textbook manner——
Rally to induce buying → Failure → Accelerated decline
