$INIT – BEARISH REVERSAL LIKELY AFTER STRONG RALLY
$INIT has climbed sharply from the $0.4034 support, hitting a recent high at $0.4551 before showing signs of exhaustion. The rejection at the top and declining follow-through momentum hint at possible profit-taking ahead. If selling pressure builds, price could revisit $0.4349, and a deeper drop toward $0.4236 remains possible.
Short Entry: $0.4470
Targets: $0.4349 / $0.4236
Stop Loss: $0.4555
Weakening momentum after a sharp rise often signals a short-term correction — caution for late buyers.
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