🚹 $INIT Relief Bounce
 but Supply is Heavy.

Price pushed up fast, but the move stalled right inside the supply zone — and that’s where sellers instantly stepped back in.

No strong acceptance above resistance = weak bounce, not a real reversal.

Momentum is already rolling over, and each push up is getting faded quickly.

This type of structure usually leads to another downside leg after a corrective bounce.

🔮 SHORT $INIT

Entry: 0.1100 – 0.1150

SL: 0.1250

🎯 Targets:

TP1: 0.0950

TP2: 0.0820

TP3: 0.0600

As long as price stays capped below the supply zone, downside continuation remains the higher probability play.

Bounce looks weak.

Distribution
 or just liquidity grab before the drop? 👇

#INIT #CryptoSignals #BinanceSquare

INIT
INITUSDT
0.10194
+3.17%