$INIT Bulls Are Losing Crucial Support

Short $INIT (DCA Entries)

EP1: 0.2000 – 40%
EP2: 0.2110 – 30%
EP3: 0.2200 – 30%

SL: 0.2500

TP1: 0.1900
TP2: 0.1850
TP3: 0.1750
TP4: 0.1600
$INIT is showing bearish momentum after rejection from the 0.2340 region. Price is below MA7 (0.21595), while MACD has turned negative. Selling volume is increasing, suggesting a possible deeper correction. MA25 at 0.19219 is the key support to watch. A breakdown below 0.1920 could accelerate selling pressure