$INIT /USDT – LOWER HIGHS, WEAKER DEMAND

SUPPORTS GETTING RETESTED

BEARISH STRUCTURE INTACT

$INIT failed to reclaim key resistance near $0.4237 after a sharp drop from $0.4805. The price is now consolidating in a tight range with declining volume, hinting at exhaustion in buying pressure.

🔴 Short Trade Setup:

Entry Zone: $0.414 – $0.417

Take Profit: $0.403

Stop Loss: $0.423

📉 Market Outlook: If bulls fail to reclaim $0.4237, expect continuation towards the $0.40 support zone. The market structure remains bearish unless a strong breakout occurs.

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