📉 $INIT /USDT – Heavy Sell-Off Hits Support Zone, Bounce Attempt Ahead? 📉

$INIT is trading at $0.4912, down -24.12% on the day. After tapping a fresh low at $0.4840, the price is trying to stabilize as sellers ease up. It's now sitting near key demand levels — setting the stage for a possible short-term bounce.

📊 Key Stats:

• 24H High: $0.6615

• 24H Low: $0.4840

• Volume: 43.29M INIT | 24.81M USDT

📈 Trade Idea (Short-Term Bounce Setup):

• Buy Range: $0.4840 – $0.4950

• TP1: $0.5250

• TP2: $0.5480

• TP3: $0.5850

• Stop-Loss: Below $0.4700

🧠 What to Watch:

$INIT has plunged below its short-term EMAs (EMA7: $0.5859, EMA25: $0.6641), but support around $0.4840 could attract dip buyers. If volume picks up and price climbs back above $0.5200, a short relief rally may follow.

⚠️ Caution advised — momentum still favors bears, but the setup is shaping for a possible bounce if buyers return.

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