Thanks for the valuable information.

$INIT EXTREME DOWNTREND: DEAD CAT BOUNCE OR FINAL LEG DOWN?

$INIT is currently trading at $1.0332, down a sharp -8.38% on the day after a steep multi-hour decline from $1.1512. Volume stands at 92.25K, and price is now consolidating just above the recent low of $1.0106. Sellers still dominate (57.56% ask-side strength), keeping bulls under pressure.

Key Levels to Watch:

• Immediate Resistance: $1.0400
If broken, minor relief rally targets:
• TP1: $1.0650
• TP2: $1.0880

• Support Zone: $1.0100
A break below this could accelerate the fall toward:
• TP1: $0.9800
• TP2: $0.9500

Trade Setup:

• Bearish Entry: On a 15m close below $1.0100
• Stop-Loss: Above $1.0350

• Bullish Entry (Countertrend): On breakout above $1.0400 with volume
• Stop-Loss: Below $1.0250

$INIT is deeply oversold but hasn’t shown real signs of reversal. This could be a pause before the next leg down. Don’t chase bounces blindly—wait for strength or breakdown to trade the next move smartly.
#BTCBreaksATH110K
#ETHMarketWatch
#TrumpTariffs