$INIT – BEARISH PRESSURE BUILDING, SUPPORT AT RISK
$INIT has broken down sharply from recent highs near 0.4687, with sellers dominating and price now hovering just above the 0.4248 support. A failure to hold this level could trigger further downside towards 0.4180–0.4150. Selling volume is rising, signaling persistent bearish momentum.
Trade Setup: SHORT below 0.4245, TP: 0.4200 / 0.4150, SL: 0.4300.
If buyers fail to defend the current support, expect an extended decline in the short term.