$INIT – REJECTION AT SUPPLY ZONE! BEARS BACK IN CONTROL?

DOUBLE REJECTION NEAR $0.4430

WEAK VOLUME FOLLOW-UP AFTER SPIKE

$INIT faced a sharp rejection after testing the $0.4430–$0.4540 supply zone, failing to sustain its recent bounce from the $0.3870 low. Despite the initial recovery rally, price is now stalling below key resistance with lower wicks and shrinking momentum. Volume is also showing signs of exhaustion after the initial push, suggesting buyer strength is fading. If price fails to reclaim $0.4430, a retest of $0.4200 or even the $0.3870 support could follow. Caution for longs — short bias gaining strength.

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