📉
$INIT : Overextended & Facing Rejection!
The
$INIT spike is looking stretched, and sellers are finally stepping in. Buyers are struggling to defend the recent highs, making the momentum feel "heavy." Expect a pullback as supply starts to outweigh the demand.
📊 Short Setup:
• Entry Zone: 0.114 – 0.12
• Targets: 0.108 | 0.0995 | 0.0910
• Stop Loss: 0.127
🔮 Prediction:
The outlook is Bearish. Since the price is struggling to hold its gains after a massive surge, a move toward 0.10 (Potential Profit for shorts) is likely. High volatility—watch the 0.127 level closely to manage risk.
Strategy: Fade the strength and look for continuation lower.
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