🎯$INIT structure rejection confirming bearish bias.

SHORT: INIT

Entry: 0.108 – 0.112

Stop-Loss: 0.118

TP1: 0.102

TP2: 0.095

TP3: 0.088

INIT failed to reclaim its broken support zone, with price showing clear hesitation beneath resistance. The recovery attempt lacked follow-through, and lower highs are now forming — signaling that sellers are regaining short-term control.

Momentum is tilting bearish as upside pushes get faded quickly, while downside reactions become cleaner and more decisive. This shift in flow suggests distribution rather than accumulation in the current range.

As long as 0.118 remains intact as the invalidation level, the structure favors continued downside expansion toward the projected targets.

Trade $INIT here 👇

INIT

0.1015

-12.57%