🐋 $ICNT broke through the 90-day high of 0.3239, with 24-hour trading volume surging to 2.9 times the daily average.
Sell orders from short stop-losses and previously trapped holders often pile up above key highs. The increase in volume means these orders are being absorbed. If buyers are still around after that, the price may move more easily; if buying suddenly dries up, beware of a pullback after the spike.
#ICNT
In highly volatile markets, risk management comes first.
Sell orders from short stop-losses and previously trapped holders often pile up above key highs. The increase in volume means these orders are being absorbed. If buyers are still around after that, the price may move more easily; if buying suddenly dries up, beware of a pullback after the spike.
#ICNT
In highly volatile markets, risk management comes first.