$INIT
Entry Zone: $0.0800 – $0.0805
Stop Loss: $0.0822
Take Profit 1: $0.0780
Take Profit 2: $0.0755
Take Profit 3: $0.0730
$INIT has delivered an aggressive impulsive rally but is now showing signs of exhaustion near a major resistance area. Repeated rejection wicks and fading momentum suggest buyers are losing control, increasing the probability of a corrective move lower. As long as price remains below resistance, the short-term bias favors a downside retracement.
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