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# INIT
49.57K
ELIX
$INIT After a prolonged downtrend, price is no longer making aggressive lower lows. Instead, it’s compressing near a key demand zone, showing signs of absorption rather than panic selling.
This range looks like a decision point:
• Holding above demand keeps a base-building scenario alive
• A clean reclaim and hold above the range high could open room for a trend shift
• Failure to hold support likely sends price to the lower liquidity pocket
Not a chase zone. This is a patience zone.
Let price confirm before bias turns bullish.
#INIT #PreciousMetalsPullBack
This range looks like a decision point:
• Holding above demand keeps a base-building scenario alive
• A clean reclaim and hold above the range high could open room for a trend shift
• Failure to hold support likely sends price to the lower liquidity pocket
Not a chase zone. This is a patience zone.
Let price confirm before bias turns bullish.
#INIT #PreciousMetalsPullBack
INIT-1,75%
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