$INIT losing steam after failing to reclaim broken support, momentum flipping bearish.

Trading Plan Short $INIT

Entry: 0.108 – 0.112

SL: 0.118

TP1: 0.102

TP2: 0.095

TP3: 0.088

Technical Analysis

$INIT tried to stabilize after the recent drop but buyers couldn’t push price back above the key reclaim zone. Price action is starting to roll over with lower highs forming, showing sellers are defending supply. As long as this region holds as resistance, downside liquidity below recent swing lows is likely to get targeted.

Trade $INIT here 👇

INIT
INIT
0.1022
-11.66%

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