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

Trading Plan — Short $INIT

Entry: 0.108 – 0.112
Stop Loss: 0.118

Take Profit:

TP1: 0.102TP2: 0.095TP3: 0.088

Technical View
INIT’s bounce attempt stalled right below the prior breakdown zone and declining 7/25 MAs. Price is rolling over with clear lower highs, showing sellers are defending supply while buyers fail to reclaim structure. As long as this region holds as resistance, downside liquidity below recent lows remains the likely target.

Trade $INIT here 👇

INITUSDT

Διην.

0.10884

-5.65%