$INIT USDT – BEARISH REVERSAL IN PLAY? TIME TO TIGHTEN STOPS!

LONG WICK REJECTION. VOLUME CLIMAX AT TOP.

$INIT surged to a local high of $0.5920 but faced an aggressive sell-off, closing the 4H candle significantly lower at $0.5170. The long upper wick signals strong rejection and a possible bull trap.

Volume peaked at the top, indicating distribution rather than accumulation — a classic sign of fading momentum.

Short Entry: $0.516

Targets (TP): $0.488 / $0.467

Stop Loss (SL): $0.533

If price fails to reclaim $0.533 on volume, further downside is likely. Watch for continuation below $0.4922 (24H low) to confirm bearish pressure.

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