$INIT getting hammered after the pump — distribution phase underway

SHORT $INIT

Entry: $0.115 – $0.119

SL: $0.128

TP1: $0.102

TP2: $0.092

TP3: $0.082

Why?

Massive rally to $0.135 got rejected hard, with price now sliding on heavy volume. Buyers are stepping aside and each bounce gets sold into. Losing $0.115 could accelerate selling toward $0.102 and lower.

Invalidation if INIT reclaims $0.128 with strength.

Trade $INIT here 👇

INIT
INITUSDT
0.12133
+3.58%