đ $INIT /USDT â Heavy Sell-Off Hits Support Zone, Bounce Attempt Ahead? đ
$INIT is trading at $0.4912, down -24.12% on the day. After tapping a fresh low at $0.4840, the price is trying to stabilize as sellers ease up. It's now sitting near key demand levels â setting the stage for a possible short-term bounce.
đ Key Stats:
âą 24H High: $0.6615
âą 24H Low: $0.4840
âą Volume: 43.29M INIT | 24.81M USDT
đ Trade Idea (Short-Term Bounce Setup):
âą Buy Range: $0.4840 â $0.4950
âą TP1: $0.5250
âą TP2: $0.5480
âą TP3: $0.5850
âą Stop-Loss: Below $0.4700
đ§ What to Watch:
$INIT has plunged below its short-term EMAs (EMA7: $0.5859, EMA25: $0.6641), but support around $0.4840 could attract dip buyers. If volume picks up and price climbs back above $0.5200, a short relief rally may follow.
â ïž Caution advised â momentum still favors bears, but the setup is shaping for a possible bounce if buyers return.
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