$INIT – BEARISH REVERSAL SIGNAL? SELLING PRESSURE BUILDING UP

• STRONG REJECTION FROM $0.4400

• VOLUME DROPPING ON RECENT CANDLES

After a strong upward push, $INIT faced sharp rejection at the $0.4400 resistance level. The latest red candle indicates increased selling pressure, and buyers are losing steam as volume declines. If $0.4260 breaks, a deeper pullback toward $0.4120–$0.4040 is likely in the short term.

Bearish Trade Setup (SHORT):

• Entry: $0.4280 – $0.4300

• Target 1: $0.4160

• Target 2: $0.4050

• Stop Loss: $0.4415

Watch for a close below $0.426 to confirm downside continuation. Bears gaining momentum!

#INIT #BearishSetup #CryptoTrading #BinanceFutures #Altcoins