$ICNT is showing strong bullish momentum after rebounding from $0.1529 to a 24-hour high of $0.2193. Price is around $0.2159, up 28.51%, and trading above the moving averages shown on the chart. However, RSI readings near 62–68 indicate elevated momentum, and a sharp rally can face profit-taking near resistance.
Bias: SHORT only if resistance rejects price
Entry: $0.2180–$0.2200 after a clear rejection
TP1: $0.2100
TP2: $0.2020
TP3: $0.1935
SL: $0.2225
Confirmation: A bearish 5m or 15m candle closes back below $0.2180 after testing resistance.
Invalidation: Price breaks and holds above $0.2200–$0.2225.
Important: The screenshot shows a strong uptrend, so shorting immediately is not confirmed. Wait for the rejection signal; if price breaks above resistance and holds, avoid this short setup.
Bias: SHORT only if resistance rejects price
Entry: $0.2180–$0.2200 after a clear rejection
TP1: $0.2100
TP2: $0.2020
TP3: $0.1935
SL: $0.2225
Confirmation: A bearish 5m or 15m candle closes back below $0.2180 after testing resistance.
Invalidation: Price breaks and holds above $0.2200–$0.2225.
Important: The screenshot shows a strong uptrend, so shorting immediately is not confirmed. Wait for the rejection signal; if price breaks above resistance and holds, avoid this short setup.