Another $ICNT SHORT delivered!
Guys caught another move on the downside. I entered SHORT at $0.29450, and price moved in my favor. But look at the chart now! $ICNT has suddenly pushed toward $0.3239, breaking above its previous consolidation range.
So what's next?
- Price has reclaimed MA(7) and MA(25) with a strong bullish candle.
- Buying volume has increased significantly.
- RSI is around 81, meaning the market is overbought.
- $0.3040 is an important breakout level to watch.
🟢 Potential LONG setup:
- TP: $0.3240 / $0.3350
- SL: $0.2940
I wouldn't chase this massive green candle. RSI is overheated so a pullback before another move higher wouldn't surprise me.
OPEN TRADE 👇🏻
$CYBER #trading
Guys caught another move on the downside. I entered SHORT at $0.29450, and price moved in my favor. But look at the chart now! $ICNT has suddenly pushed toward $0.3239, breaking above its previous consolidation range.
So what's next?
- Price has reclaimed MA(7) and MA(25) with a strong bullish candle.
- Buying volume has increased significantly.
- RSI is around 81, meaning the market is overbought.
- $0.3040 is an important breakout level to watch.
🟢 Potential LONG setup:
- TP: $0.3240 / $0.3350
- SL: $0.2940
I wouldn't chase this massive green candle. RSI is overheated so a pullback before another move higher wouldn't surprise me.
OPEN TRADE 👇🏻
$CYBER #trading
