$INIT – REJECTION NEAR RESISTANCE, BEARS TAKING OVER

• LOWER HIGH JUST BELOW $0.4540

• STRONG REJECTION FOLLOWED BY RED CANDLE CONFIRMATION

After bouncing from the $0.3871 low, $INIT attempted a recovery but got rejected near the $0.4540 resistance zone. Price formed a lower high and is now printing bearish candles with increasing sell volume. The lack of follow-through from buyers and visible exhaustion suggests a potential revisit toward the $0.4020–$0.3870 demand zone. If $0.4220 breaks, further downside may accelerate.

SHORT TRADE SETUP:

Entry: $0.4290 – $0.4320

Stop Loss: Above $0.4460

Target 1: $0.4100

Target 2: $0.3960

Target 3: $0.3875

Caution: Watch for volume spikes and rejection wicks near resistance.

#INITUSDT #BearishSignal #CryptoTrading #BinanceSquare #Altcoins