👀 $INIT
— brutal rejection after the spike.
Price ran into the $0.24–0.26 supply zone, wicked toward $0.30, and got heavily rejected. Now it's trying to stabilize around $0.11–0.12.
Key levels to watch:
🛡️ Support: $0.11–0.12
🔑 First recovery level: $0.14
🚀 Major resistance: $0.24–0.26
A reclaim of $0.14 would be the first sign of strength. Until then, the structure remains weak. No need to catch a falling knife.
— brutal rejection after the spike.
Price ran into the $0.24–0.26 supply zone, wicked toward $0.30, and got heavily rejected. Now it's trying to stabilize around $0.11–0.12.
Key levels to watch:
🛡️ Support: $0.11–0.12
🔑 First recovery level: $0.14
🚀 Major resistance: $0.24–0.26
A reclaim of $0.14 would be the first sign of strength. Until then, the structure remains weak. No need to catch a falling knife.
