$ICNT is starting to lose its grip after the recent push up, and the signs are hard to ignore.
Momentum is clearly getting exhausted. Buyers tried, but they’re fading fast. What we’re seeing now isn’t strong buying being absorbed — it looks more like distribution. Price is moving sideways while sellers quietly take control.
The structure above is being defended, and as long as this zone holds, the path of least resistance stays to the downside. Every small bounce feels weak, and sellers are stepping in early, not waiting.
I’m watching the entry zone around 0.3972 to 0.3974.
If price reacts the way it’s been doing, the first downside target sits near 0.3950.
Below that, 0.3900 comes into focus.
And if pressure continues, 0.3850 is the deeper extension.
Risk is defined. A move above 0.4018 breaks the idea and invalidates the setup. No debate there.
Right now, sellers are in charge. Until buyers prove otherwise, I’m respecting the structure and following the momentum.
This is a control trade, not an emotional one.
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