They chased the pump… now the market is cooling. Healthy pullback or start of distribution? 👀
$INIT – Pullback Setup
Trade Plan:
Bullish Scenario:
Entry: 0.1000 – 0.1050 (Support reclaim zone)
SL: 0.0950
TP1: 0.1220
TP2: 0.1350
TP3: 0.1560
Bearish Scenario:
Entry: Breakdown below 0.1000
SL: 0.1120
TP1: 0.0960
TP2: 0.0880
Why this setup?
After a strong rally (+70% weekly), INIT peaked near 0.1565 and is now correcting toward 0.1129. Price has slipped below MA7 (0.1227), signaling short-term weakness.
MA25 around 0.0961 is the next key dynamic support.
Volume declined after the spike — typical cooldown behavior after aggressive upside expansion.
Holding above the 0.100 psychological level could trigger a relief bounce.
Loss of 0.100 shifts momentum toward deeper retracement.
Debate:
Healthy correction before continuation… or early signs of trend exhaustion?
Click here to Trade 👇️$INIT
