$INIT

$INIT is experiencing a significant downturn.

# Key Points

1. Current price: $0.7154 (-9.35%)

2. Bears are in control, with price hovering near $0.6791

3. MACD is in bearish territory, indicating accelerating downside momentum

4. Buyer interest is thinning, warning signs are flashing

# Short Trade Setup

1. Entry zone: $0.6850 - $0.6750

2. Take profit targets: $0.6400 and $0.6100

3. Stop-loss: Above $0.7100

# Warning

1. Breaking $0.6609 support could lead to a sharper drop

2. Stay alert for volatility ahead

Given the bearish trend, caution is advised. The short trade setup provides potential targets, but it's essential to manage risk with a stop-loss.