$INIT — BEARISH PRESSURE PERSISTS DESPITE SIDEWAYS CONSOLIDATION

$INIT is trading at $0.3942, down over 6% in the last 24 hours, after a steep drop from the $0.43 zone. While price found support at $0.3840 and is now moving sideways, the recovery attempts remain weak, suggesting sellers could regain control if momentum stays low.

Trade Setup (Short)

Entry: $0.395 – $0.398

TP1: $0.385

TP2: $0.375

Stop Loss: $0.405

Market Outlook:

The overall trend remains bearish, with recent price action showing no strong bullish reversal signs. A breakdown below $0.3840 could open the way for deeper losses, while bulls need a clear break above $0.405 to challenge the downtrend.

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