$INIT made a strong move from $0.6385 to $0.7961, backed by solid green candles and clear bullish momentum... But right at the top, a sharp rejection candle flipped the tone fast..! 🔻
That big red candle near the high.? Classic sign of buyer exhaustion and incoming pressure. We're now consolidating near $0.7253, still up on the day but momentum has cooled. ⚠️
📌 Watch for:
Break above $0.75 = short-term bounce?
Drop below $0.72 = more downside likely.