I’ve opened a big short trade on $ICNT
This looks like another bull trap. Even before $0.19, long traders got trapped and the market punished them.
That’s why a big short trade makes the most sense here.
Take Profit
1. $0.18
2. $0.175
Stop Loss $0.207
$ICNT
A big drop is possible because smart money will start booking profits, while retail traders get trapped in this fake breakout. Volume is also starting to decrease, and most of the liquidity is sitting around $0.155, which is likely to get hunted.
This looks like another bull trap. Even before $0.19, long traders got trapped and the market punished them.
That’s why a big short trade makes the most sense here.
Take Profit
1. $0.18
2. $0.175
Stop Loss $0.207
$ICNT
A big drop is possible because smart money will start booking profits, while retail traders get trapped in this fake breakout. Volume is also starting to decrease, and most of the liquidity is sitting around $0.155, which is likely to get hunted.