$INIT just dropped from $0.8319 to $0.6781—a steep decline of -18.5% from its recent local high. Price is now hovering just above a crucial support zone near $0.6640.#INIT The last bounce came from $0.6171, which could act as the next defense line. Order book split is tight, with 51.31% buy-side vs 48.69% sell-side pressure indicating indecision.
📉 Short Trade Setup:
• Entry Zone: $0.6840 – $0.6980
• TP1: $0.6440
• TP2: $0.6170
• Stop-Loss: Above $0.7100
⚡ Key Insight:
If $INIT loses $0.6640, the fall could accelerate toward $0.6171 support. But any reclaim above $0.6980 may trigger a short squeeze toward $0.7460.
Watch closely $INIT is teetering on a breakdown edge!
