$INIT lost the 0.18 shelf on the 1h and the bounce that followed only reached 0.1879, so the buyers who showed up there are now the ones holding the bag. CHoCH off the 0.2578 top, BOS through 0.18, price under both EMAs and parked in the discount half of the range. The 0.178 to 0.1879 band is where the last supply sits, with the 200 EMA at 0.1779 now overhead instead of underneath. Sell-side liquidity at 0.1624 is the obvious draw, and 0.1500 is the extension if that pool gets swept. A close back above 0.1935 flips this, and until then the retracements are for selling into, not for chasing. Where do you think the 0.1624 sweep gets defended? A read like this on a different chart lands in the community every day, so have a look at the profile for the rest. #Altcoin Season#