$INIT Showing Post-Pump Weakness – Lower Highs Forming 📉
After the recent pump,
$INIT is losing momentum and forming consistent lower highs on lower timeframes — a clear sign of seller pressure building up. Bulls are struggling to reclaim previous highs, and structure now favors a potential downside continuation.
As long as price remains below the recent resistance zone, short-term bearish expansion is likely.
🔻 Trade Setup (Short):
Entry Zone: 0.102 – 0.106
Stop Loss: 0.112
Targets:
• TP1: 0.095
• TP2: 0.088
• TP3: 0.078
Risk management is key — wait for proper confirmation and avoid chasing entries.
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