$INIT continues to bleed — bears in full control

SHORT $INIT

Entry: $0.1065 – $0.1085

SL: $0.1150

TP1: $0.0990

TP2: $0.0920

TP3: $0.0850

Why?

Rejection near $0.1449 triggered a steady breakdown. Volume stays heavy on down moves while bounce attempts lack conviction. Price keeps printing lower lows with weak bid support. Losing $0.106 could accelerate selling toward $0.099 and lower.

Invalidation if INIT reclaims $0.1150 with strength.

Trade $INIT here 👇

INIT
INITUSDT
0.10984
-4.32%