$INIT – BEARISH SIGNAL AHEAD!
After failing to hold above $0.3909, $INIT has entered a consistent downtrend with lower highs and lower lows. The recent bounce from $0.3563 shows weak buying pressure, but the recovery is already facing resistance at $0.3698 – $0.3720, indicating sellers are regaining control. Increasing red volume bars confirm bearish momentum, suggesting another leg down is possible if support at $0.3620 breaks.
🔻 Short Trade Setup
Entry: $0.368 – $0.370
Target 1: $0.362
Target 2: $0.356
Stop Loss: Above $0.377
If sellers maintain pressure, INIT could retest its recent lows before finding stronger demand.
