$INIT
has failed to hold above the key resistance zone around 0.9162 and faced back-to-back rejections. The price broke down with strong bearish candles, forming a clean downtrend channel. With current price at 0.8672, bears are in control and eyeing deeper support levels.
Trade Setup (Short):
Entry: 0.9162
Take Profit (TP): 0.8561
Stop Loss (SL): 0.9342
