$INIT is showing strong bearish pressure after its recent sharp rally. Price is facing resistance near 0.20700, and a rejection from this zone could trigger further downside.
The short setup remains valid while price stays below resistance. Watch for a confirmed breakdown before entering.

Trade Setup
Entry Range: 0.1840–0.1900
Target 1: 0.1780
Target 2: 0.1680
Target 3: 0.1550
Stop Loss: 0.2080

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