$INIT | FVG Rejection + Lower High Structure
$INIT showing clear signs of bearish pressure after multiple rejections from the upper Fair Value Gap (FVG) around $0.61–$0.66. The structure has been forming consistent lower highs, and price is now reacting near the mid-FVG range.
🔹️ Market failed to break above key FVG
🔹️Liquidity swept above $0.60 and sold off
🔹️ Clean lower high sequence in play
Short bias remains valid unless bulls reclaim above $0.47 with volume. Until then, short rallies into supply zones.
🔹️ Entry: $0.405–$0.415 (minor supply retest)
🔹️ Target: $0.355–$0.340
🔹️ Stop Loss: $0.435 (above latest swing high)
Smart entries, tight risk..
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